Lemrin

Awesome Oscillator and MACD Histogram

This is a quick script that combines two standard indicators, the Awesome Oscillator and MACD histogram, to highlight the beginnings of periods of fast price movement (divergence between the two). Since MACD's EMA responds more quickly than AO's SMA , look for periods of green over gold as a bullish signal, and red under blue as a bearish signal.

Of course both indicators are lagging in nature, but the presence of this divergence often leads larger, continued movement in the same direction.

Bullish Signals
  • Change from red to green below 0 with either blue or gold above 0 (strengthened on second green bar):
  • Rising green above 0 with gold below 0:

Bearish Signals
  • Change from green to red above 0 with either blue or gold below 0 (strengthened on second red bar):
  • Deepening red below 0 with blue above 0:
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Hello, Lemrin.
How to use this script. What is it's name?
Reply
Hello, Lemrin.
How to use this script. What is it's name?
+4 Reply
doudou2020 doudou2020
@doudou2020,
I get it,Thank you.
Reply
您的这个参考非常有意义,谢谢您。
想跟您确认一下,红和绿是不是Awesome-Oscillator?
Reply
Lemrin doudou2020
@doudou2020, Thank you! Yes, that is correct. MACD is green/red (can be changed in the style tab).
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@Lemrin, 还是想跟您问一下,我在大部分平台看到的Awesome Oscillator指标都是使用同一个颜色标识的,想跟您问一下,您所用的Awesome Oscillator指标是如何区分黄色和蓝色的?
Reply
Lemrin doudou2020
@doudou2020, When I published, the MACD changed more quickly, and I simply chose to make that green/red, but you can change the colors. You can make the colors whatever you like, on the style tab.
Reply
@Lemrin,
您好,我说的不是MACD指标,它是红色和绿色的,
我说的是AO(Awesome Oscillator)指标,为什么您用的是黄色和蓝色的,我所见到的仅仅是一种颜色的。
想跟您请教一下,从黄色变成蓝色有什么规则么(或者是从蓝色变成黄色)?
谢谢
Reply
Lemrin doudou2020
@doudou2020, No reason, just to differentiate one indicator from the other.
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@Lemrin,
thank you very much.
Reply
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