Chaos Awesome Oscillator: Difference between revisions
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(Created page with "=== Definition=== Chaos Awesome Oscillator is an indicator used to measure market momentum. AO calculates the difference between a 34 Period and 5 Period Simple Moving Avera...") |
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=== Definition=== | === Definition=== | ||
Chaos Awesome Oscillator is an indicator used to measure market momentum. AO calculates the difference between a 34 Period and 5 Period Simple Moving Average. The Simple Moving Averages that are used are not calculated using closing price but rather each bar's midpoints. AO is generally used to affirm trends or to anticipate possible reversals. | Chaos Awesome Oscillator is an indicator used to measure market momentum. AO calculates the difference between a 34 Period and 5 Period Simple Moving Average. The Simple Moving Averages that are used are not calculated using closing price but rather each bar's midpoints. AO is generally used to affirm trends or to anticipate possible reversals.<br> | ||
''Chaos Awesome Oscillator was created by Bill Williams.'' <br> | ''Chaos Awesome Oscillator was created by Bill Williams.'' <br> | ||