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MQL5 ReferenceStandard LibraryStrategy ModulesModules of Trade SignalsSignals of the Indicator Awesome Oscillator 

Signals of the Indicator Awesome Oscillator

This module of signals is based on the market models of the indicator Awesome Oscillator. The mechanism of making trade decisions based on signals obtained from the modules is described in a separate section.

Conditions of Generation of Signals

Below you can find the description of conditions when the module passes a signal to an Expert Advisor.

Signal Type

Description of Conditions

For buying
  • Saucer — value of the indicator at the analyzed bar rises, and it fell at the previous bars; at that, both values are above 0.

Awesome Oscillator - Buy Signal

 

  • Crossing the zero line — value of the indicator is above 0 at the analyzed bar, and it is below 0 at the previous bar.

Awesome Oscillator - Buy Signal

 

  • Divergence — the first analyzed bottom of the indicator is shallower than the previous one, and the corresponding price bottom is deeper than the previous one. In addition, the indicator must not rise above the zero level.

Awesome Oscillator - Buy Signal

For selling
  • Saucer — value of the indicator at the analyzed bar falls, and it rose at the previous bars; at that, both values are below 0.

Awesome Oscillator - Sell Signal

 

  • Crossing the zero line — value of the indicator is below 0 at the analyzed bar, and it is above 0 at the previous bar.

Awesome Oscillator - Sell Signal

 

  • Divergence — the first analyzed peak of the indicator is lower than the previous one, and the corresponding price peak is higher than the previous one. In addition, the indicator must not falls below the zero level.

Awesome Oscillator - Sell Signal

No objections to buying

The indicator value grows at the analyzed bar.

No objections to selling

The indicator value falls at the analyzed bar.

Note

Depending on the mode of operation of an Expert Advisor ("Every tick" or "Open prices only") an analyzed bar is either the current bar (with index 0), or the last formed bar (with index 1).

Adjustable Parameters

This module has the following adjustable parameters:

Parameter

Description

Weight

Weight of signal of the module in the interval 0 to 1.