The Elite Circle - Update of "Awesome Oscillator" but now it's a different animal
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Update of "Awesome Oscillator" but now it's a different animal 5 *
Another find from the Ninjatrader Forums, attributed to the legendary Bill Williams but the version I found there was coded so poorly as to be useless.

  • Changed the plot to a multi-color line.
  • Added user selection option for MA periods. Defaults are 9/12, original was 5/34.
  • Added the choice of using the SMA or the LLMA.
  • Added the choice of using the actual statistical median, computed on a bar by bar basis, or the Ninjatrader median which is just the average of the High and Low.

Thanks to aslan for LLMA and FatTails for help with medians.

Note that the plots have only very minor differences whether the actual, or Ninjatrader estimated H+L/2 medians are used.

REVISED VERSION 3 uploaded on November 2 2011 at 3:00 PM ET. General code cleanup and implemented a corrected calculation of the median. Will now work on time based charts.

REVISED VERSION 4 uploaded on November 2 2011 at 7:10 PM ET. Fixed bug of not updating intra-bar with COBC=false. PREVIOUS VERSIONS OF THIS INDICATOR SHOULD NOT BE USED!

Since this has little relation to the legendary Bill Williams version the name has been changed to AwesomePlus®. If you have any questions about the coding methods, feel free to contact me.


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October 28th, 2011
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