Presentation of variations of the Awesome OscillatorHi,
I'd like to present some variations i've made of the Awesome Oscillator. FIrst of all, i'd like to remind you what is the Awesome Oscillator :
"The Awesome Oscillator is an indicator used to measure market momentum. AO calculates the difference of a 34 Period and 5 Period Simple Moving Averages. The Simple Moving Averages that are used are not calculated using closing price but rather each bar's midpoints. AO is generally used to affirm trends or to anticipate possible reversals."
Here we have a chart of the FX:EURUSD .
There are three indicators on this chart :
- The first one is the conventional Awesome Oscillator.
- The second one is the Awesome Oscillator with EMA. I simply replaced SMA by EMA in the calculus and added, as an option, smoothing with a variable period. It reduces greatly lags and is more efficient when the price moves big.
- The third one is again the Awesome Oscillator, but with a Hull Moving Average. It gives the indicator way more precision about the trend. I added smoothing as an option too.
