Lit Vibe Checker

The Awesome Oscillator (AO) is a technical indicator created by Bill Williams that’s used to measure momentum. Basically, it's like when your homie checks your vibe and lets you know if things about to get lit or meh. 😂🔍

AO calculates the difference between a 34-period and 5-period Simple Moving Averages. So, it’s like comparing old school and new school vibes to check what's trending. 📈💥

The Simple Moving Averages that are used are not calculated using closing price but rather each bar’s midpoints. That means we ain't about that basic last-minute stuff, nah, it’s all about keeping it balanced, fam. 😎

The Awesome Oscillator is generally used to confirm trends and anticipate possible reversals. Basically, it's like your radar for spotting glow-ups or faceplants. 👀🌟

How to Use Awesome Oscillator

Here are three ways to use the Awesome Oscillator, cuz who doesn’t love a good hack? 🤔👇

Zero Line

• When the Awesome Oscillator is below the zero line forming a peak, go short. 🚶‍♂️💨
• When the Awesome Oscillator is above the zero line forming a gap, go long. 🎯🚀

Twin Peaks

• Twin Peaks is all about checking the glow-up from two peaks on the same side of the zero line. 🤘🌊
• If the AO hits two highs above the zero line, but the second one ain't as fly, go short. 📉
• Keep that dip above the Zero Line while you vibe with this setup. 📏⬆️
• If you see two lows below the zero line and the second low is higher, long it. 🌈⌛️
• That dip should always keep it below the Zero Line, stay woke. 👀⬇️

Crossing the Zero Line

• When the AO value crosses above or below the zero line, it’s showing momentum swap vibes. 💥➡️⬅️
• If the AO does a top-down cross, go short. Cutting losses like a pro, ya know? ✂️📉
• If it's a bottom-up cross, go long. Time to ride that wave up! 🌊📈

Awesome Oscillator Trading Strategy

Awesome Oscillator drops three kinds of trading signals like a BFF vibes-checking your latest fit. 💎👗

1. Saucer

A Saucer Setup be lookin' for fast-paced momentum changes, like when you're vibing between moods super quick. 🕶️🔥

With Saucer method, we’re checking those three bars all chill on the same side of the Zero Line.

A Bullish Saucer happens when AO’s on the upside—two red bars with the second bar on a low low, followed by a green one. 📈🟢

A Bearish Saucer is the flip—AO’s on the downside—two greens then a red hits. 📉🔴

2. Nought Line Cross

The histogram’s gotta cross the zero line, glowin' up from negative to positive. That’s your Buy signal. Swap it around for the Sell signal. 🔄💲

3. Two Pikes

The Buy signal lights up like two peaks below that zero line, where the latest one's getting close to zero but still hella cooler. Sell it by making the formation in reverse. 🎢💹

Calculation

Awesome Oscillator is a mashup of Simple Moving Averages—a 34-period meetin' a 5-period, plotted through the midpoint of the bars (H+L)/2. Just sub it like it’s math class: SMA from 5 minus SMA from 34. 🤓✖️➖

MEDIAN PRICE = (HIGH+LOW)/2

Awesome Oscillator = SMA(MEDIAN PRICE, 5)-SMA(MEDIAN PRICE, 34)

Cuz in this game, SMA means Simple Moving Average. Basic but golden, right? 🌟📊