Maximize Your Crypto Gains: Harnessing the Power of the Awesome Oscillator for Profitable Trading!

This indicator is used to learn about the market momentum. If you are interested in short-term trading, this indicator is very useful in such use cases.

Press enter or click to view image in full size

This indicator uses a series of results and forms bar charts for better judgements. If you look above the image, you can see that the current market momentum is in positive mode. In day trading, this indicator is very helpful because it can accurately detect the current momentum changes. In addition, you are also able to predict when the trend is formed and what is the position of the trend reversal.

How to use

1. If the current position is above the zero axis, when the green bar appears above zero, and a disc shape appears; it signals the buying opportunity.
2. Always wait for three similar consecutive bars. If three reds appear, it is the confirmation of a downward trend, and if green appears, it is the upward momentum.
3. If the new bar crosses the zero axis from the bottom to the top, it is a buying opportunity.
4. When the new bar is created below the zero axis and higher than the previous one, if another green bar suddenly appears, it indicates the buy signal.
5. If the new red bar is generated and if it is below the zero axis as well as after the green bar, it is the sell signal.
6. When the new bar crosses the zero axis from top to bottom, it is the crossover sell signal.
7. When the latest bar is above the zero axis and lower than the previous bar, and when the red bar appears, it is the strong sell signal.

Finally, this indicator is very useful if used with other indicators because it is helpful to determine the market momentum, and you can perform smart decision-making.