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Thushara Dissanayake  

The Awesome Oscillator can be used in trading for various purposes:

  • Identifying market momentum and trend strength: The Awesome Oscillator is a valuable tool for assessing the strength and momentum of a market trend. It helps traders gauge the power behind price movements and determine whether a trend is likely to continue or reverse.

  • Spotting potential trend reversals: By analyzing the changes in the Awesome Oscillator's histogram bars, traders can identify potential trend reversals. Divergence patterns and shifts in the oscillator's color can provide early indications of a trend change.

  • Confirming the validity of price movements: The Awesome Oscillator acts as a confirmation tool, validating the strength and reliability of price movements. When the oscillator aligns with the direction of price, it adds confidence to the trading signal.

  • Generating entry and exit signals: Traders can use the Awesome Oscillator to generate entry and exit signals. For example, crossing above or below the zero line or specific thresholds can trigger buy or sell signals.

  • Implementing various trading strategies, such as Saucer and Zero Line Crossing: The Awesome Oscillator supports popular trading strategies, including the Saucer pattern and the Zero Line Crossing strategy. These strategies provide clear rules for entering and exiting trades based on specific oscillator patterns.

  • Assessing market volatility: The Awesome Oscillator helps traders assess market volatility by analyzing the distance between histogram bars. Wider bars indicate higher volatility, while narrower bars suggest lower volatility.

  • Providing insights into market psychology and investor sentiment: Changes in the Awesome Oscillator can reveal shifts in market psychology and investor sentiment. For example, a surge in buying or selling pressure can be reflected in the oscillator's histogram bars.

  • Supporting technical analysis and chart pattern recognition: The Awesome Oscillator can be used in conjunction with other technical analysis tools to enhance pattern recognition. It helps traders identify key chart patterns and validate their significance.

  • Enhancing risk management by identifying overbought and oversold conditions: The Awesome Oscillator can indicate overbought and oversold conditions in the market. Traders can use this information to adjust their risk management strategies and potentially avoid unfavorable trades.

  • Helping traders make informed trading decisions based on momentum and divergence signals: By analyzing the momentum and divergence signals provided by the Awesome Oscillator, traders can make more informed decisions. They can assess the strength of a trend and identify potential trading opportunities.


Saucer Strategy 

  • Buy Entry:
    • The Awesome Oscillator is located above the zero line.
    • Two consecutive red histograms are observed on the chart.
    • The second red histogram is shorter than the first one.
    • The third histogram appears in green.
    • Traders should consider buying the fourth candlestick at the open in this scenario.
  • Sell Entry:
    • The Awesome Oscillator is positioned below the zero line.
    • Two consecutive green histograms are observed on the chart.
    • The second green histogram is shorter in length compared to the first one.
    • The third histogram appears in red.
    • Traders can initiate a short position by selling the fourth candlestick at the opening.


Zero Line Crossing Strategy 

  • Buy Entry:
    • The first column is positioned below the zero line.
    • The second column crosses above the zero line.
  • Sell Entry:
    • The first column is located above the zero line.
    • The second column crosses below the zero line.



Advantages of choosing Awesome Oscillator as your trading indicator

  • Clear visualization of market momentum: The Awesome Oscillator provides a clear visual representation of market momentum, making it easier for traders to assess the strength of trends and potential reversals.

  • Versatile application across various markets and timeframes: The indicator can be applied to different markets, including stocks, forex, commodities, and cryptocurrencies, as well as various timeframes, making it adaptable to different trading styles.

  • Integration with popular trading strategies: The Awesome Oscillator can be effectively used with popular trading strategies such as trend following, trend reversal, and momentum trading, enhancing the accuracy of trading signals.

  • Reliable entry and exit signals: By monitoring the histogram bars and color changes, the Awesome Oscillator generates reliable entry and exit signals, allowing traders to enter trades at favorable prices and exit with profits.

  • Confirmation of price movements: The indicator acts as a confirmation tool, validating the strength and reliability of price movements, which helps traders filter out false signals and improve overall trading accuracy.

  • Support for risk management: The Awesome Oscillator can assist in risk management by identifying overbought and oversold conditions, allowing traders to adjust their position sizes or consider potential reversals.

  • Compatibility with other technical analysis tools: The Awesome Oscillator can be combined with other technical indicators and chart patterns to strengthen trading decisions, providing a comprehensive analysis of market conditions.

  • Customizable parameters: Traders have the flexibility to customize the parameters of the Awesome Oscillator based on their trading preferences and strategies, tailoring it to their specific needs.

  • Availability of historical data: The indicator provides historical data on previous market conditions, enabling traders to backtest strategies and analyze past price movements for improved decision-making.

  • Easy integration with trading platforms: The Awesome Oscillator is widely available on popular trading platforms, making it easily accessible for traders to incorporate into their trading setups without any hassle.

  • Suitable for both novice and experienced traders: The simplicity of the Awesome Oscillator makes it suitable for traders of all experience levels. Novice traders can grasp its concepts quickly, while experienced traders can leverage its advanced features to enhance their trading strategies.

Thushara Dissanayake  

v1.0 Features

  • Compatibility with all currency pairs and timeframes.
  • User friendly interface with customizable parameters.
  • Real time alerts through popup, sound, and mobile notifications.
  • Clear entry and exit signals using Saucer and Zero Line Crossing strategies.
  • Reliable market analysis based on the Awesome Oscillator indicator.
  • Assistance in identifying market trends and momentum shifts.
  • Suitable for both novice and experienced traders.
  • Hassle free trading experience with fast and accurate signals.


v1.0 Parameters

  • Awesome Signal Filters
    • Zero Line Filter - Activate/ Deactivate additional filter for all alerts.
    • Color Change - Activate/ Deactivate color change alerts.
    • Zero Line Cross - Activate/ Deactivate zero line cross alerts.
    • Saucer - Activate/ Deactivate saucer alerts.
  • Graphic Parameters
    • Buy Arrow Character - Character for buy signals (Wingdings).
    • Sell Arrow Character - Character for sell signals (Wingdings).
    • Arrow Size - Arrow size.
    • Buy Arrow Color - Color for buy signals.
    • Sell Arrow Color - Color for sell signals.
  • Alert Filters
    • Mobile Alert - Activate/ Deactivate, mobile notifications.
    • Popup Alert - Activate/ Deactivate pop up message alerts.
Thushara Dissanayake  
Awesome Oscillator Alert v1.1 is currently undergoing testing. Several bugs in the alert system have been fixed, and email and sound alerts have been added to the indicator. In this update, all historical Saucer signals have been included, providing a more comprehensive analysis. Additionally, new parameters have been introduced for enhanced customization. We hope you will enjoy this update and stay connected for more exciting developments. Thank you for your support!
Awesome Oscillator Alert MT5 v1.1
Thushara Dissanayake  

v1.1 Parameters

  • MA Parameters
    • Fast MA period - Period for fast Moving Average calculation.
    • Fast MA method - Method used for fast Moving Average calculation.
    • Applied price - Price used for fast Moving Average calculation.
    • Slow MA period - Period for slow Moving Average calculation.
    • Slow MA method - Method used for slow Moving Average calculation.
    • Applied price - Price used for slow Moving Average calculation.  
  • Awesome Signal Filters
    • Zero line filter - Activate/ Deactivate additional filter for all alerts.
    • Color change - Activate/ Deactivate color change alerts.
    • Zero line cross - Activate/ Deactivate zero line cross alerts.
    • Saucer - Activate/ Deactivate saucer alerts.
  • Graphic Parameters
    • Buy arrow character - Character for buy signals (Wingdings).
    • Sell arrow character - Character for sell signals (Wingdings).
    • Arrow shift - Vertical shift of arrows in pixels.
    • Buy arrow color - Color for buy signals.
    • Sell arrow color - Color for sell signals.
  • Alert Filters
    • Pop-up alert activated - Pop-up alerts enabled.
    • Mobile alert activated - Mobile alerts enabled.
    • Email alert activated - Email alerts enabled.
    • Sound alert activated - Sound alerts enabled.
    • Saucer buy message - Custom message for saucer buy signals.
    • Saucer sell message - Custom message for saucer sell signals.
    • Color changed buy message - Custom message for color changed buy signals.
    • Color changed sell message - Custom message for color changed sell signals.
    • Zero line crossed buy message - Custom message for zero line crossed buy signals.
    • Zero line crossed sell message - Custom message for zero line crossed sell signals.
    • Sound file name - Path to a sound file.
Pierre Daniel Boris Marette  

Bonjour,

Votre indicateur est merveilleux.

J'ai deux remarque à faire :

Il donne et redonne les alertes dès qu'on ouvre le graphique ou à chaque fois qu'on change d'unité de temps sur le graphique. Il donne d'ailleurs dans ce cas la dernière alerte qui peut être ancienne. Cela fait trop d'alertes et cela perturbe celui qui les reçoit. Une alerte lorsqu'elle apparait suffit largement, à chacun de faire tranquillement ses analyses pour les alertes passées, puisque le fondement d'une alerte consiste à être avertit "tout de suite" de ce qui se passe, pas à être alerté de ce qui s'est passé il y a trois, quatre ou dix bougies avant, surtout lorsque ces alertes se répètent. Elle arrive dès qu'on ouvre MT5 !

Les alertes sont données en temps réel, c'est à dire avant que les bougies ne soient clôturées. C'est bien et ce n'est pas bien. C'est bien pour être averti "tout de suite", mais parfois, une fois la bougie clôturée, bien sûr, l'alerte a disparu, surtout dans le cas de fortes rejections de prix, ces rejections présentant d'ailleurs d'autres intérêts. Pourrait-on choisir de recevoir les alertes "immédiatement" ou une fois la bougie clôturée comme cela existe pour d'autres indicateurs ?

Merci,

Thushara Dissanayake  
Pierre Daniel Boris Marette #:

Good morning,

Your indicator is wonderful.

I have two comments to make:

It gives and gives again the alerts as soon as one opens the graph or each time one changes unit of time on the graph. It also gives in this case the last alert which may be old. This is too many alerts and it disturbs the one who receives them. An alert when it appears is more than enough, for everyone to quietly analyze past alerts, since the basis of an alert is to be warned "immediately" of what is happening, not to be alerted to what happened three, four or ten candles ago, especially when these alerts repeat. It happens as soon as you open MT5!

The alerts are given in real time, ie before the candles are closed. It's good and it's not good. It's good to be warned "immediately", but sometimes, once the candle has closed, of course, the alert has disappeared, especially in the case of strong price rejections, these rejections moreover presenting other interests. Could we choose to receive the alerts "immediately" or once the candle has closed as it exists for other indicators?

THANKS,

Thank you for your kind words and valuable feedback. I appreciate your input regarding the excessive alerts when opening or changing timeframes on the MT5 platform. I apologize for any inconvenience caused by the repeated alerts. Rest assured, I am actively working on addressing this issue to ensure that you receive alerts in a more streamlined manner, without unnecessary repetitions.

Furthermore, I understand the importance of receiving alerts at the appropriate time, especially when it comes to strong price rejections. I will take your suggestion into consideration and include an option in the indicator settings to allow users to choose whether they prefer to receive alerts immediately or once the candle has closed, similar to other indicators.

I am committed to continuously improving the indicator and providing you with the best trading experience possible. Thank you for bringing these concerns to my attention, and I will keep you updated on the progress of the updates. If you have any further suggestions or questions, please feel free to reach out.

Dmitriy Fomenko  
Отличный индикатор,экономит время на поиск сигнала.Но к сожалению пропускает некоторые прибыльные сигналы.В чем может быть причина?Можно ли это исправить,или нужно менять алгоритм индиктаора?Если нужно будет изменить алгоритм индикатора-сколько будет стоить переделка на новый индикатор?
Dmitriy Fomenko  
Мне нужно чтоб сигнал Блюдце был только 1 раз после пересечения АО-как это настроить?Фильтр ZERO Line не срабатывает
File:
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Untitled.png  91 kb
Dmitriy Fomenko  
Dmitriy Fomenko #:
Отличный индикатор,экономит время на поиск сигнала.Но к сожалению пропускает некоторые прибыльные сигналы.В чем может быть причина?Можно ли это исправить,или нужно менять алгоритм индиктаора?Если нужно будет изменить алгоритм индикатора-сколько будет стоить переделка на новый индикатовопрос

вопрос закрыт-после обновления появились сигналы.Но теперь фильтр не работает

Dmitriy Fomenko  

Tell me pls, will the filter through the zero line be repaired?

Thushara Dissanayake  
Dmitriy Fomenko #:

Tell me pls, will the filter through the zero line be repaired?

Allow me to retest the indicator once more. The Zero Line filter only functions for color-changing alerts. So, are you suggesting that it's not working correctly?
Thushara Dissanayake  
Dmitriy Fomenko #:

Tell me pls, will the filter through the zero line be repaired?

Currently, I am testing the indicator, and so far, I haven't encountered any issues with the Zero Line filter. Let's take a look at the image above for a better understanding:

  1. The first alert, "Zero Line Crossed (Sell)," is functioning perfectly, and it does not rely on the Zero Line filter.

  2. The second alert is "Color Changed (Sell)." Let's observe how it works. The Moving Average (MA) is below the Zero line, and we have activated the Zero Line filter. Therefore, the alert accurately notifies only sell signals filtered by the Zero Line when the MA is below it. As seen in the image, two bars are green after the Zero Line is crossed, and those signals are indeed filtered by the Zero Line filter.

  3. The next alert pertains to the Saucer signal, which is not dependent on the Zero Line filter.

Based on the above observations, I am confident that the Zero Line filter is functioning perfectly. When you activate the Zero Line filter, the indicator will only alert sell color changes if the MA is below the Zero line, and it will only alert buy color changes if the MA is above the Zero line.

Dmitriy Fomenko  
I understood you. I thought that the filter works for the saucer signal as well. The previous version showed only one saucer signal after the zero crossing. I thought that this is how it works.
File:
Screenshot_7.png  59 kb
Thushara Dissanayake  
Dmitriy Fomenko #:
I understood you. I thought that the filter works for the saucer signal as well. The previous version showed only one saucer signal after the zero crossing. I thought that this is how it works.
Yes! In the previous version, historical saucer signals were not displayed. However, the new update now shows all historical saucer signals on the chart. Saucer signals are not necessary to filter since they are already filtered by default.
Thushara Dissanayake  
Exciting News! Get ready for the upcoming release of Awesome Oscillator Alert version 1.2. I've successfully addressed the issue of repeated alert notifications triggered by timeframe changes. Stay tuned for the enhanced version!
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