PROTECTED SOURCE SCRIPT
Updated Relative AO (RAO)
Relative AO is an adaptation of Bill Williams' Awesome Oscillator for a logarithmic scale that measures the percentage of convergence/divergence of moving averages (similar to MARCD). The Signal Line allows you to use RAO instead of MACD (offset off), or to smooth the edge of the histogram for convenience (offset on).
Release Notes
Improved calculations. Migration to Pine 5.Release Notes
Insignificant improvementsRelease Notes
insignificant improvementsProtected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.