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Awesome Oscillator

Exported using NT Version 7.0.1000.3

Bill William's Awesome Oscillator is quite similar to the raw MACD, but uses simple moving averages with a period of 34 and 5 instead of the exponential moving averages used for the MACD. The input value is the median of the bar, whereas the default MACD uses the close.

The histogram shown by the indicator is comparable to the raw MACD line. I have added a signal line to the raw oscillator, just to show that it can be used in a similar fashion as the MACD.

There are other NinjaTrader versions of the Awesome Oscillator

- which use an additional data series to allow for changing the plot colors (NT 6.5)
- which do not allow to change the parameters for the moving averages

This indicator can be used as a MACD, which is built from simple instead of exponential moving averages.

Category NinjaTrader 7 Indicators

Details: Awesome Oscillator
Category: NinjaTrader 7 Indicators

March 8th, 2011
Size: 4.37 KB
Downloaded: 2208 times

Keywords: awesome macd oscillator

Comments/ratings

vikstock March 9th, 2011 04:00 PM

No Comment

alexeymarvel July 7th, 2011 06:05 AM

thanks!

khaled514 August 23rd, 2011 11:58 AM

thanks .great help.

JDNeeman September 1st, 2012 10:50 PM

Thank you!!

john2000 October 2nd, 2012 12:49 AM

No Comment

karlthomson November 24th, 2012 11:39 AM

Thanks 007,
It works perfect.

mandersonmv January 18th, 2013 08:23 PM

FAT tAILS,

Thank you, perfect indicator... even the NT indicators messed up the AO and AC, thank you!

Anatta March 2nd, 2013 05:08 PM

No Comment

futuros April 4th, 2014 05:02 PM

Awesome work FAT TAILS, thanks

Camdo May 27th, 2014 12:50 PM

Thanks Fat Tails

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