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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!
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!
Thushara Dissanayake  

Hey everyone,

I just wanted to say a huge thank you for purchasing the product, for your support, and for sharing your feedback, it really helps me make the indicator better. I’ve noticed some users are experiencing lagging issues, especially when the markets are closed or during off-hours, which can prevent the indicator from loading properly. I’m already working on an update to improve performance and fix this. If you're running into any other issues, please feel free to DM me with a screenshot of the error. Your reports help me solve problems faster!

Thanks again, and happy trading

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