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NinjaTrader
bill william's Awesome Oscillator indicator
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Originally posted by peterhxu7 View PostIs 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
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Awesome Oscillator:
The best futures trading community on the planet: futures trading, market news, trading charts, trading platforms, trading strategies
Acceleration/Deceleration:
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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.Last edited by peterhxu7; 04-26-2013, 11:41 PM.
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MACD from Butterworth Filters
Originally posted by peterhxu7 View PostQ1
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.
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.
I've attached the indicators and will provide links as well. I'm also attaching a screenshot that shows both components of the smittyMASlopeMonitor more clearly than the previous post. The SmittyMASlopeMonitor indicator window has two main things it displays, which wasn't obvious from the original screenshot. It paints the background of the indicator window, which is either uptrend or downtrend. The other that thing that it prints is 5 moving averages. I changed the colors of the moving averages …
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?
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