Awesome Oscillator 0

Posted on 23, January 2014

in Category SID

Description for AO SID 495

The Awesome Oscillator created by Bill Williams, is used for analysing market momentum using 2 different periods. One short period and one long period.

The logic for this technical analysis indicator:

#The Awesome Oscillator created by Bill Williams, is used for analysing market momentum using 2 different periods. One short period and one long period.

#The short period is defaulted to 5.
#The long period is defaulted to 34.

my $median = (High+Low)/2;
my $ao = SMA($median,5)-SMA($median,34);
return ($ao);