NinjaTrader 7 Indicators - Awesome Oscillator
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NinjaTrader 7 Indicators
Indicators in this section are compatible with NinjaTrader 7


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Awesome Oscillator 5 *
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 
 
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Category: NinjaTrader 7 Indicators 


March 8th, 2011
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