Indicators: Awesome Oscillator (AO)
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Awesome Oscillator (AO):
Awesome Oscillator Indicator (AO) is a 34-period simple Moving Average, plotted through the middle points of the bars (H+L)/2, which is subtracted from the 5-period simple moving average, built across the central points of the bars (H+L)/2.
It shows us quite clearly what’s happening to the market driving force at the present moment.
Author: MetaQuotes Software Corp.