01 · Indicator · Awesome Oscillator
What is Awesome Oscillator?
Devised by Bill Williams, the Awesome Oscillator compares recent momentum with broader momentum using two averages of median price.
It shows as a green or red histogram.
02 · Indicator · Awesome Oscillator
The calculation
AO = SMA(5) of median price − SMA(34) of median price, median price = (High + Low) / 2.
Bars are green when AO rises, red when it falls.
03 · Indicator · Awesome Oscillator
Reading the signals
Crossing above zero: bullish momentum; below: bearish.
The 'saucer' and 'twin peaks' patterns are classic Bill Williams signals.
04 · Indicator · Awesome Oscillator
Settings and combinations
AO uses periods 5 and 34 in the Momentum group. It pairs well with: MACD, ROC (Rate of Change), Exponential Moving Average (EMA).
To put the signal in context, check the Heatmap, the news or ask the AI Compass. No indicator is investment advice.
◆ Step by step
Get started in 4 steps
- 01
Open a chart
Search for an asset on the Charts page and pick a timeframe.
- 02
Add the indicator
Open Indicators, Momentum group, then click Awesome Oscillator.
- 03
Adjust the settings
Change the parameters in the indicator sheet to suit your horizon.
- 04
Confirm the signal
Cross-check with the main trend and another indicator before concluding.
◆ FAQ
Your questions, clear answers.
01AO or MACD?
MACD uses EMAs of closes, AO SMAs of median price.
02What does the color mean?
Green if the bar is above the previous one, red otherwise.
03Main signal?
The zero-line cross.