PROTECTED SOURCE SCRIPT
stelaraX - Awesome Oscillator
stelaraX – Awesome Oscillator
stelaraX – Awesome Oscillator is a momentum indicator designed to measure market momentum by comparing short-term and long-term price movement. It highlights shifts in bullish and bearish pressure and helps traders identify momentum changes before they become visible in price structure.
This indicator is part of the stelaraX ecosystem, focused on clean technical analysis and AI-supported chart evaluation
stelarax.com
Core logic
The Awesome Oscillator (AO) is calculated as the difference between a fast and a slow simple moving average of the median price (hl2).
Key principles:
* the fast period reflects short-term momentum
* the slow period reflects longer-term momentum
* values above zero indicate bullish momentum
* values below zero indicate bearish momentum
* rising histogram values signal increasing momentum
* falling histogram values signal weakening momentum
Changes in histogram direction often precede price pullbacks, continuations, or reversals, making AO useful for early momentum assessment.
Visualization
The script plots:
* a histogram of the Awesome Oscillator in a separate indicator pane
* dynamic color changes based on momentum direction and strength
* dark green bars for increasing bullish momentum
* light green bars for weakening bullish momentum
* dark red bars for increasing bearish momentum
* light red bars for weakening bearish momentum
* a zero reference line for directional context
This color logic provides immediate visual insight into momentum shifts.
Use case
This indicator is intended for:
* identifying momentum direction and momentum strength
* spotting early trend continuation or exhaustion signals
* confirming breakouts and pullbacks
* detecting momentum divergences versus price
* filtering entries in trend-following or momentum-based strategies
It works best when combined with trend filters, structure analysis, or AI-assisted chart evaluation.
Disclaimer
This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.
stelaraX – Awesome Oscillator is a momentum indicator designed to measure market momentum by comparing short-term and long-term price movement. It highlights shifts in bullish and bearish pressure and helps traders identify momentum changes before they become visible in price structure.
This indicator is part of the stelaraX ecosystem, focused on clean technical analysis and AI-supported chart evaluation
stelarax.com
Core logic
The Awesome Oscillator (AO) is calculated as the difference between a fast and a slow simple moving average of the median price (hl2).
Key principles:
* the fast period reflects short-term momentum
* the slow period reflects longer-term momentum
* values above zero indicate bullish momentum
* values below zero indicate bearish momentum
* rising histogram values signal increasing momentum
* falling histogram values signal weakening momentum
Changes in histogram direction often precede price pullbacks, continuations, or reversals, making AO useful for early momentum assessment.
Visualization
The script plots:
* a histogram of the Awesome Oscillator in a separate indicator pane
* dynamic color changes based on momentum direction and strength
* dark green bars for increasing bullish momentum
* light green bars for weakening bullish momentum
* dark red bars for increasing bearish momentum
* light red bars for weakening bearish momentum
* a zero reference line for directional context
This color logic provides immediate visual insight into momentum shifts.
Use case
This indicator is intended for:
* identifying momentum direction and momentum strength
* spotting early trend continuation or exhaustion signals
* confirming breakouts and pullbacks
* detecting momentum divergences versus price
* filtering entries in trend-following or momentum-based strategies
It works best when combined with trend filters, structure analysis, or AI-assisted chart evaluation.
Disclaimer
This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.
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.
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.