Awesome Oscillator

What is Awesome Oscillator?

AO is a histogram showing the difference between 5-period and 34-period SMAs of the median price ((High+Low)/2).

• Green bar = higher than previous bar
• Red bar = lower than previous bar
• Oscillates around zero line

Trading Signals

• Zero Line Cross: Above zero = bullish, below = bearish
• Saucer: Three bars forming a saucer shape in direction of trend
• Twin Peaks: Two peaks on same side of zero with pullback between