The Awesome oscillator divergence indicator is an indicator used to plot divergence signals that appear in the market trend and it is also used to detect buy and sell signals and plots with the help of arrows on indicator chart.
Awesome oscillator divergence indicator is an oscillator in nature. This indicator gives a blue line whenever it detects the divergence on the indicator chart. It gives the entry signals based on the divergence in the market trend.
Awesome oscillator divergence indicator Explain:
This indicator was developed by Late Bill Williams (a stock trader). This indicator identifies the divergence in buy and sells signals and price actions.
It is very hard to identify the divergence in the market trend, but this indicator can help to find accurate divergence in the market trend.it gives accurate and profitable signals.
It has the highest possibility to win a profitable trade. When a red signal appears on the indicator chart it means that the price movements are high and when a yellow signal appears it means the low price movements on the indicator chart.
CHARACTERISTICS of Oscillator Divergence Indicator: –
There are different characteristics of this indicator. Some of them are mentioned here. This indicator is available for Meta trader platform. It can be used with all the currency pairs.
It uses all the trading sessions (European time session, London time session, and New York time session). It can use all the timeframes but the best time frames for this indicator are M5 and H1. The most recommended brokers for this indicator are Alpari, Forex4you, and RoboForex.
INDICATOR VALUES: –
- Extremes as points Divergence in segments
- The support/resistance for passing through extremes.
- Channels as rays.
- Average Directional Movement Index
- Average True Range
- Awesome oscillator
- Bears Power
- Bulls Power
- Commodity Channel Index
- Force Index
- Money Flow Index
- Moving Averages Convergence/Divergence
- Moving Average of Oscillator
- On Balance Volume
- Relative Vigor Index
- Standard Deviation
- Stochastic Oscillator
- Relative Strength Index
- Larry Williams’ Percent Range
- Relative Strength Index
- Q Steps
USES of Awesome oscillator divergence indicator: –
The awesome oscillator divergence indicator is an indicator used to detect the divergence in the market trend. It is also used to detect the buy and sell signals in the market trend. It is one of the best divergence indicators. This indicator is applicable for all the traders.
Uses of Awesome oscillator divergence indicator:
Currency pairs: All
EURUSD, GBPUSD, USDCHF, USDJPY, AUDUSD, NZDUSD, USDCAD,EURJPY, EURCHF, EURGBP, EURAUD, EURNZD, EURCAD,GBPJPY, GBPCHF, GBPAUD, GBPNZD, GBPCAD AUDCAD, AUDNZD, AUDJPY, CHFJPY, NZDJPY, CADJPY, CADCHF, NZDCHF
Trading Time: 24 Hours
Timeframe: M5 Awesome oscillator divergence indicator
Recommended broker: All trusted brokers
Remember, Before use Awesome oscillator divergence indicator you can test on Demo account. When you will expert then you will use in Real account of trading.
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