What is the Awesome Oscillator: A chart indicator/oscillator used in the technical analysis of financial markets. Its primary purpose is to track market momentum.
Category: Technical analysis indicator
How is the Awesome Oscillator Used: The Awesome Oscillator calculates the difference between two moving averages. The moving averages are typically based on midpoint prices, and not on closing prices. The resulting momentum reading is then used to measure the status, strength, and changes in the underlying trend momentum.
What Does the Awesome Oscillator Consist of: The Awesome Oscillator is presented as a histogram with green and red vertical lines fluctuating above and below zero. Green lines denote bullish momentum while red lines denote bearish momentum. It is usually placed either above or below the price chart.
What Does the Awesome Oscillator Look Like:
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