Smoothed Awesome Indicator Using Smoothed Moving-Average Momentum

Summary

The document describes a modified Awesome indicator that smooths the rate of change between a short and a long moving average. It identifies three inputs: the periods for the short and long averages, and a smoothing period applied to the rate of change between them. The example uses exponential averages with periods of five and thirty-four, then smooths the resulting rate of change over seven periods. It suggests comparing the modified indicator with the classical Awesome indicator using the same average periods.

The page also mentions an improved version and an EA-oriented version of the indicator. The EA version exposes a single output buffer, which can be read at the current and previous bars by an automated strategy. No chart image, test results, entry or exit rules, or risk controls are provided in the text. The material explains the indicator’s construction and integration detail, but does not demonstrate predictive value or show how its signals perform across instruments or market conditions.

Key ideas

• The indicator smooths the rate of change between short and long moving averages.
• Its three inputs control the two moving-average periods and the additional smoothing period.
• The example compares it with the classical Awesome indicator using the same average lengths.
• An EA-compatible variant provides one output buffer for current and prior readings.
• The description includes no performance evidence or trading rules.

Tags

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