ChaosSN-AO

Awesome Oscillator (AO) determines market momentum at a given time on the last 5 bars, comparing them to the momentum on the last 34 bars. There are many ways it can be used but in a nutshell, it quickly shows the current bearish/bullish trend (green = bull, red = bear).

The background is highlight red/green to highlight bars matching the "Saucer" criteria (1 of the many ways it can be used)

Awesome Oscillator Saucer buy signal:
Generated when the histogram which is above the zero line changes its direction from falling to rising. Once the signal has been generated, place a Buy Stop one tick above the high of the price bar that's highlighted. The most recent saucer signal cancels all previous ones (do not forget to delete pending orders after the signal is cancelled).

Opposite is true for an AO "Saucer" sell signal.

Release Notes:

Updated Shading

Release Notes:

Added an hourly cross-over heatmap to the top of the AO

Release Notes:

Colours -- Crossover heatmap is for the hourly MA on any timeframe

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Added Divergence

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Updated logic

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Added Alarms

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Updated logic for arrows

Release Notes:

Updated logic