Modified super AO
The main function of the indicator is the definition and labeling of the histogram indicator Awesome Oscillator Trading Signals Strategies “Trading Chaos second edition” and “New Trading Dimensions”.
Indicator detects and marks following trade signals:
- “Twin Peaks” – Divergence. the divergence of the line plotted as a histogram, and directly on the chart.
- Signal “Second sage” – a third subsequent bar histogram Awesome Oscillator, after the color change.
- Going through the histogram zero line.
- “Saucer” signal.
The indicator unit has a signal which informs the trader in any convenient form on the fact of the formation of trading signal.
The indicator is part of a holistic shopping complex on the “Trading Chaos” strategy for the MetaTrader 4 platform.
Three major applications indicator AO (Awesome Oscillator) counting waves Elliott
- To determine the peak of the third wave of an order on any time frame.
- To determine whether the minimum requirements for wave 4 (go through the histogram zero line after the third wave peak) are performed.
- To determine if there is a divergence between the price and the driving force, and also to show what is now the driving force of the market value.
Determining peak 3rd wave via AO. Wave 3 will have the highest peak in the AO of 100-140 bars. To automatically format the chart with the correct number of bars you want to use Chart Format indicator.
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