Combining Accelerator and Awesome Oscillators for Direction
Summary
The document describes a simple directional indicator built from two Bill Williams indicators: the Accelerator Oscillator and the Awesome Oscillator. It classifies conditions by comparing the slope of both indicators. When both slope upward, the signal indicates an upward direction; when both slope downward, it indicates a downward direction. Mixed or otherwise nonmatching slopes are treated as neutral.
The document offers this rule as a potentially usable approach but provides no formulas, chart examples, market, timeframe, backtest, or performance evidence. It does not explain how to measure slope, handle flat readings, or define signal timing. As a result, the method is only a high-level signal description. Traders would need to specify those details and evaluate the rule across instruments and market conditions before drawing conclusions about its reliability.
Key ideas
- The indicator combines the Accelerator Oscillator with the Awesome Oscillator.
- An upward slope in both indicators produces an upward directional signal.
- A downward slope in both indicators produces a downward directional signal.
- Other slope combinations are classified as neutral.
- The document provides no testing evidence or operational details for evaluating the rule.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.