ALTDEL S/E Awesome Oscillator — Indicator by Ares_theFox

A simple customization of the Awesome Oscillator: allows you to change the moving averages (integer) as well as make them exponential.

Release Notes:

An update (already). The new line is the slope of the Awesome Oscillator. If you set the E/SMA to 1, it will give you just the slope. The default setting is EMA 15. Also, the "Visibility Coefficient" is simply the slope (or E/SMA of the Slope) times 6 (that's the default). It just makes the line more visible by exaggerating its value. It doesn't change the crossover with zero point, of course.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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