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Trading Platform

For mobile devices

Formula

Median price = (HIGH + LOW) / 2

Awesome Oscillator = SMA (Median price, 5) — SMA (Median price, 34)

Trading use

Used in Meta Trader 4, this oscillator combines two Awesome Oscillator’s indicators which are displayed on the chart as a histogram.

Here are the basic rules of trading according to Double Awesome Oscillator:

  • The indicator gives a buy signal when a red histogram of rapid Awesome Oscillator (AO) crosses a green histogram of slow AO from bottom to top
  • Traders should sell when a red histogram of rapid AO crosses a green line of slow AO from top to bottom
  • Trades should be closed when histograms intercross backwards
  • You should refrain from trading when the indicator’s lines are directed sideways. You had better open a trade when you can see an obvious trend has been formed for a certain financial asset
  • In case you see that indicator’s lines show mixed movement, you should trade in the direction of a slow AO’s line
IFX_DAO indicator

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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 48.65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.