AO
The Awesome Oscillator (AO) is a classic technical indicator constructed by subtracting moving averages (SMA) with different periods.
To use the indicator, the AwesomeOscillator class should be used.
Calculation
The Awesome Oscillator histogram is a 34-period simple moving average constructed on the central values of bars (H+L) / 2, subtracted from a 5-period simple moving average on the central points (H+L) / 2. Thus, the slow moving average line is subtracted from the fast one, to get an idea of the strength of price movement and its further intentions.
MEDIAN PRICE = (HIGH + LOW) / 2
AO = SMA (MEDIAN PRICE, 5) — SMA (MEDIAN PRICE, 34), where
MEDIAN PRICE — median price
HIGH — the highest price of the bar
LOW — the lowest price of the bar
SMA — simple moving average
The values are taken for the classic indicator, and in the settings, it is always possible to specify your own parameters.
