← All indicators and concepts

Awesome oscillator

The gap between a 5 and a 34 average of the candle midpoint.

Bill Williams's measure of short-term versus medium-term pressure. Above zero: the recent midpoints sit above the older ones.

In TradeXtool

Entry: Awesome oscillator crosses above 0.

Watch out

Fixed periods (5 and 34), so it cannot be tuned to your timeframe.

No indicator predicts the market on its own. Build the rule, then test it on years of history with fees included. Try TradeXtool free for 14 days.