Awesome Oscillator (Indicator)

Disclaimer

Input Information

Name	Expression	Default	Description
Price	Numeric	MedianPrice	Value to be used in calculating the oscillator.
FastLength	Numeric	5	Bars to include in calculating the "fast" moving average.
SlowLength	Numeric	34	Bars to include in calculating the "slow" moving average.
HostUpColor	Numeric	UpColorDefault	Color of histogram when current bar oscillator is greater than previous bar.
HistDownColor	Numeric	DownColorDefault	Color of histogram when current bar oscillator is less than previous bar.
SaucerBuyColor	Numeric	Cyan	Color of marker for AO Saucer Buy setup.
ZeroCrossBuyColor	Numeric	LightGray	Color of marker for AO Zero Cross Buy setup.
TwinPeaksBuyBuyColor	Numeric	Yellow	Color of marker for AO Twin Peaks Buy setup.
SaucerSellColor	Numeric	Magenta	Color of marker for AO Saucer Sell setup.
ZeroCrossSellColor	Numeric	MyColors( "Azure" )	Color of marker for AO Zero Cross Sell setup.
TwinPeaksSellColor	Numeric	MyColors( "Orange" )	Color of marker for AO Twin Peaks Sell setup.
PlotBuySetupDots	TrueFalse	True	True to show marker when Buy setup occurs.
PlotSellSetupDots	TrueFalse	True	True to show marker when Sell setup occurs.
ColorCellBGOnAlert	TrueFalse	True	Change cell background color when true, otherwise false.
BackgroundColorAlertCell	Numeric	DarkGray	Color of cell background to use if above value is True.

Market Synopsis

The Awesome Oscillator is based on an indicator created by Bill Williams and shows the current market momentum as a histogram as well as showing buy and sell setup conditions with colored markers.

Plot Information

Number	Name	Default Color	Description
Plot1	AO	Green/Red	Plots the Awesome Oscillator histogram.
Plot2	BuySetup	Cyan	Plots the Buy setup marker.
Plot3	SellSetup	Magenta	Plots the Sell setup marker.

When applied to a chart, this indicator displays a histogram with color markers in a separate subgraph from the price data.