Awesome Oscillator Extended
Info
The Awesome Oscillator Extended is a Indicator for MetaTrader 5 that the awesome oscillator is an indicator available in metatrader 5, offering a versatile tool for traders. It provides four types of averages for calculation:- Simple Moving Average (SMA): The default option, as defined by the Awesome Oscillator.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Awesome Oscillator Extended
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
The Awesome Oscillator is an indicator available in MetaTrader 5, offering a versatile tool for traders.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Liquidity Void Decay Oscillator - another powerful indicator for MetaTrader 5 traders.
The Awesome Oscillator is an indicator available in MetaTrader 5, offering a versatile tool for traders. It provides four types of averages for calculation:Also recommended: Volume-Weighted Delta Divergence Oscillator - similar indicator with strong performance on MetaTrader 5.
- Simple Moving Average (SMA): The default option, as defined by the Awesome Oscillator.
- Exponential Moving Average (EMA)
- Smoothed Moving Average (SMMA)
- Linear Weighted Moving Average (LWMA)
Additionally, the indicator includes an extended set of prices, allowing for the use of Heiken Ashi prices. This feature effectively enables the same functionality as applying the indicator to an offline Heiken Ashi chart.
You may also like: Candle Body-to-Wick Pressure Oscillator - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.