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This is a classic indicator remade by ninZa.co. Awesome oscillator by Bill Williams is a well-known indicator with special signals for both trend following and trend fading. Its formula is simple: the Awesome plot value is equal to the difference between a fast MA and a slow MA.
Our NinjaTrader Awesome oscillator lets you configure and smooth the slow & fast moving averages separately, each can be selected from 10 popular MA types.
A popular signal of Awesome indicator is twin peaks, which helps identify possible trend reversals. This kind of signal is most reliable when you observe a clear divergence between Awesome oscillator and price action:
- Bullish reversal: This happens when there are 2 consecutive negative peaks and the later peak is higher than the former.
- Bearish reversal: This happens when there are 2 consecutive positive peaks and the later peak is lower than the former.
Another useful signal for trend followers is a saucer, whose shape looks like a disk placed beneath a coffee cup. Despite its simplicity, saucers are wonderful signals for traders who wish to join a trend. Details about twin peaks & saucer → https://www.tradingview.com/wiki/Awesome_Oscillator_(AO)
- Plot Awesome oscillator
- Allow independently configuring fast MA, slow MA with
- Allow independently smoothing fast MA, slow MA with
- Allow specifying neighborhood (the number of bars to the left & right of a swing point)
- Colorize the plot in 4 different colors: positive increase, positive decrease, negative increase, negative decrease
- Trigger alerts on twin peaks & saucer appearance
- Print markers on twin peaks & saucer appearance
- Be NinjaScript ready for advanced usage, only restricted by your imagination
- Expose dedicated NinjaScript signals
Sound alert (configurable rearm)
Email alert (possibly configured as SMS alert)
Message displayed in Alerts Log window
Dedicated NinjaScript signals:
- Signal_TwinPeaks: 1 = bullish twin peaks, -1 = bearish twin peaks, 0 = no twin peaks
- Signal_Saucer: 1 = bullish saucer, -1 = bearish saucer, 0 = no saucer
Instruments: futures, stocks, indices
Interval types: timebased or non-timebased, standard or custom
Chart styles: whatever
Ready to use out of the box
Fully configurable & customizable with ease
- 23 Sep 2020 - Massive changes, fixes and improvements were made (DPI, display name, Z order, alert properties, marker string, chart info, property naming/positioning/grouping); alert popup was visually enhanced.
- 16 Feb 2020 - Font issue in Windows 7 was fixed.
- 14 Feb 2020 - The indicator was released (built new).
Superior Awesome $$5 5NMT100%Just wanted to share a few thoughts about Hannah W. She was extremely helpful and at the same time, very polite, nice, and quick in answering my questions and concerns. She also managed to resolve my issues in a timely manner with all of her knowledge and expertise in her field. I thank you Hannah W., for an exceptional service and her dedication to her profession.
These testimonials may not be representative of the experience of other users or customers and do not guarantee future performance or success.
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