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Awesome Oscillator (5, 34)

5-bar minus 34-bar SMA of median price, in price.

Preview

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What it measures

A fast minus a slow simple average of median price: momentum read straight off the bar midpoints.

Inputs
Fast length 5Slow length 34
Output
A line, in price
Feeds
Entry and exit rules
Warm-up
34 bars before its first reading
Updates
When each bar closes
Filters entries
No. It’s measured and charted, and doesn’t change which entries are taken.
Part of
Awesome Oscillator (AO)
Also known as
AO

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