Awesome Oscillator determines market momentum (the second of five market dimensions) at a given time on the last 5 bars, comparing them to the momentum on the last 34 bars.
Awesome Oscillator is simply the difference between the 34 period and 5 period simple moving averages of the bar’s midpoints (H+L)/2.
Signals to buy:
This is the only signal to buy that comes when the bar chart is higher than the naught line
The saucer signals generated when the bar chart reverse its direction from up to downward where the second column is lower than the first one and is colored red, the third column is higher than the second and is colored green & should have at least three columns.
Signals to sell:
Awesome Oscillator Saucer sell signal is the opposite of the Awesome Oscillator Saucer buy signal
The saucer signal is reversed and is below zero. Naught line crossing is on the decrease, the first column of it is over the naught & the second one is under it. The two pikes signal is higher than the naught line and is reversed too.
Average True Range Technical Indicator (ATR) is an indicator that shows volatility of the market. It was introduced by Welles Wilder in his book “New concepts in technical trading systems”. This indicator has been used as a component of numerous other indicators and trading systems ever since.
Average True Range can often reach a high value at the bottom of the market after a sheer fall in prices occasioned by panic selling. Low values of the indicator are typical for the periods of sideways movement of long duration which happen at the top of the market and during consolidation. Average True Range can be interpreted according to the same principles as other volatility indicators. The principle of forecasting based on this indicator can be worded the following way: the higher the value of the indicator, the higher the probability of a trend change; the lower the indicator’s value, the weaker the trend’s movement is.
Here’s a chart using the ATP:
The ADX indicator measures the strength of a trend and can be useful to determine if a trend is strong or weak. High readings indicate a strong trend and low readings indicate a weak trend.
When this indicator is showing a low reading then a trading range is likely to develop. Avoid stocks with low readings! You want to be in stocks that have high readings.
This indicator stands for Average Directional Index. On some charting packages there are two other lines on the chart, +DI and –DI (the DI part stands for Directional Indicator). Ignore these lines. Trying to trade according to these two lines is a great way to lose money! The only thing that we are concerned with is the ADX itself.