Configurable Awesome Oscillator Divergence Signals
Summary
This short description explains a custom chart indicator that plots the Awesome Oscillator in a separate pane and marks detected divergences both there and on the price chart. Divergence signals are intended to show disagreement between oscillator movement and price movement, which traders may use as a prompt to examine a possible change in momentum. The tool allows users to set the fast and slow simple moving-average periods used to calculate the oscillator, while separate color settings control bullish and bearish markings.
The document describes the indicator's display and inputs, but gives no divergence-detection rules, trading entry or exit method, risk controls, or test results. It therefore explains how the tool is configured rather than showing that its signals predict profitable reversals. Traders would need to define and evaluate their own use of the signals, including testing across instruments and market conditions, before relying on them.
Key ideas
- The indicator plots an Awesome Oscillator in a separate chart window.
- It marks detected bullish and bearish divergences on both the oscillator and price chart.
- Users can configure the fast and slow moving-average periods.
- Signal colors are customizable for bullish and bearish markings.
- The description provides no trading rules or evidence of signal performance.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.