Chaos Theory by Bill Williams - page 6


Too Awesome Indicator

I'm still pretty new to forex but I modified the standard Awesome oscillator a little. I added a second longer averaging awesome oscillator on top and noticed a trend.

I also added a 'moving average' to each oscillator to smooth them out a little.

When the shorter oscillator crossed zero and the longer had just changed direction it looked like a good buy/sell. Here's the indicator results for the last week. I think it gives a pretty good indicator for entry. I have no exit plan but 20 pip gains seem safe. This is Eur/Usd 15 min chart for the last week or so.

Let me know what you think.