bill william's Awesome Oscillator indicator

[peterhxu7]

Thanks , i will give it a try

[koganam]

Is there anyone using AO and would 't mind sharing with me? i 've tried a few time to creat on my own but failed.
thanks a lot

A search in the Downloads section of this forum would have yielded this: http://www.ninjatrader.com/support/f...&keys=1&ents=1

[Harry]

Awesome Oscillator:

http://www.bigmiketrading.com/download/ninjatrader-7/indicators/857-download.html?view

Acceleration/Deceleration:

http://www.bigmiketrading.com/download/ninjatrader-7/indicators/859-download.html?view

[peterhxu7]

thanks a lot for your help . it work perfectly

[peterhxu7]

two questions

Q1
since AO is similar as MACD, shoudl i use AO only or both?
Q2
AO is 5/34 oscillator in a histogram format , now how can i add a 5 - bar average of the oscillator itself into the AO indicator to generate a signal line? In his book, there is a signal line crossing the histogram. How am i able to creat that signal line
thanks.

[Harry]

MACD from Butterworth Filters

Q1
since AO is similar as MACD, shoudl i use AO only or both?
Q2
AO is 5/34 oscillator in a histogram format , now how can i add a 5 - bar average of the oscillator itself into the AO indicator to generate a signal line? In his book, there is a signal line crossing the histogram. How am i able to creat that signal line
thanks.

You do not want to use both oscillators. One of them is enough.

In the end the Awesome Oscillator only is a MACD, with the two EMAs replaced with two SMAs.You then take the raw oscillator and calculate a signal line from the raw line. The oscillator here allows you to display the signal line as well.

http://www.bigmiketrading.com/downlo...load.html?view

You can further generalize the concept and build a MACD from any type of moving averages, not just EMAs or SMAs. There is a MACDUniversal available, which allows to calculate MACD and signal line from 27 different moving averages.

http://www.bigmiketrading.com/elite-circle/1261-want-your-ninjatrader-indicator-created-free-755.html#post304929

The chart below shows the MACD calculated from a 2-pole Butterworth(12) filter and a 3-pole Butterworth(26) filter, the signal line is generated as the EMA(9) of the raw MACD. Why limit yourself to using the EMA or SMA?