Awesome Oscillator Settings and Four-Color Histogram

Summary

The document describes a four-color version of the Awesome Oscillator, a histogram built from the difference between fast and slow moving averages. It cites the commonly used 5- and 34-period simple moving averages applied to the median price, while allowing users to change the periods, averaging method, and input price.

It explains the available moving average choices—simple, exponential, smoothed, and linear weighted—and lists price inputs such as close, open, high, low, median, typical, and weighted close. The text provides indicator configuration details rather than trading rules, signal interpretation, or performance evidence. It does not explain what the four colors signify, so readers should consult the indicator itself for that behavior and validate any use in their own market and timeframe.

Key ideas

• The Awesome Oscillator plots the difference between fast and slow moving averages as a histogram.
• The referenced convention uses 5- and 34-period simple averages of median price.
• The indicator allows users to change both periods, the averaging method, and the applied price.
• The document does not define the four color meanings or provide tested trading signals.

Tags

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