A Dual Awesome Oscillator Built from Smoothed EMA Ratios

Summary

The indicator plots two Awesome Oscillator series, labeled fast and slow. Each begins with a ratio between a pair of exponential moving averages, expressed as a percentage change from one average to the next, and then applies a moving average to smooth that series. The fast calculation uses the fast and medium EMA values; the slow calculation uses the medium and slow EMA values.

Six inputs control the fast, medium, and slow EMA periods, the smoothing periods for each oscillator, and the applied price used by the EMA calculations. The description explains the construction but gives no entry or exit rules, parameter recommendations, chart examples, or performance evidence. It therefore defines a technical indicator, not a tested standalone strategy.

Key ideas

• The indicator combines fast and slow oscillator series built from EMA ratios.
• The fast series compares the fast EMA with the medium EMA.
• The slow series compares the medium EMA with the slow EMA.
• Moving averages smooth each percentage ratio series.
• Users can set three EMA periods, two smoothing periods, and the applied price.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.