cookie

This site uses cookies to provide you with a great user experience. By visiting monetamarkets.com, you accept our cookie policy.

Allow all
top icon

Important Information

You are accessing the international Moneta Markets website. This is separate from www.monetamarkets.co.uk, which is operated by Moneta Markets Capital Ltd, a firm regulated by the Financial Conduct Authority (“FCA”).

This website is operated by Moneta Markets’ international entities, which are not regulated by the FCA in the United Kingdom. If you invest through this website, you will therefore not benefit from the protections available under the FCA’s regulatory framework. In particular:
• Negative Balance Protection will not be guaranteed.
• The FCA’s leverage restrictions will not apply.
• You will not have access to the Financial Ombudsman Service (“FOS”) to resolve disputes.
• You will not be covered by the Financial Services Compensation Scheme (“FSCS”).
• Funds you deposit will not benefit from the safeguards required under the FCA’s Client Assets Sourcebook. The protection available to your funds will depend on the regulations of the relevant local regulator.

By choosing to continue to this website, you acknowledge and confirm that:
1. This website is owned by Moneta Markets’ international entities, rather than FCA-regulated Moneta Markets Capital Ltd.
2. Neither Moneta Markets Limited nor any other Moneta Markets international entity is based in the United Kingdom or licensed by the FCA.
3. You are accessing this website entirely on your own initiative, without having been solicited by Moneta Markets in any way.
4. Investing through this website does not entitle you to the protections available under the FCA’s regulatory framework.
5. If you invest through this website or with any Moneta Markets international entity, the applicable rules and regulations will be those of the relevant international regulatory authorities, rather than the FCA.

Moneta Markets confirms that it holds the licences and authorisations required to provide the services and financial derivative products described on this website. Anyone accessing this website and opening a trading account does so voluntarily, on their own initiative and without prior solicitation.

By confirming that you wish to proceed, you affirm that your decision to access this website was made solely on your own initiative and that no Moneta Markets entity has solicited you.

I confirm my intention to proceed and enter this website.

Moneta Markets

Please note that Moneta Markets operates this website and its services are not directed at residents of your jurisdiction.

The information on this site is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

If you have arrived here in error, we kindly advise you to exit the site.

Continue to Site
Moneta Markets
BBack Back to Blog Home

What is the Awesome Oscillator?

December 14, 2022 | monetaeditor

What is the Awesome Oscillator?

What is the Awesome Oscillator?

The Awesome Oscillator is a technical analysis tool that traders use to identify changes in market momentum and trend strength. It was developed by Bill Williams, a well-known trader and author of several books on technical analysis and trading. The Awesome Oscillator is based on the relationship between the 5-period and 34-period simple moving averages (SMAs) of the underlying market. It is displayed as a histogram below the main price chart and can be used to identify potential entry and exit points for trades.

How is it used by traders?

Traders typically use the Awesome Oscillator to identify changes in market momentum and trend strength. The histogram bars of the Awesome Oscillator represent the difference between the 5-period and 34-period SMAs. A positive value for the histogram indicates that the 5-period SMA is above the 34-period SMA, which may be an indication of bullish momentum. A negative value for the histogram indicates that the 5-period SMA is below the 34-period SMA, which may be an indication of bearish momentum. Traders can use the Awesome Oscillator to confirm the strength of a trend or to identify potential trend reversals.

How can I add the Awesome Oscillator to a chart in MT4 or MT5?

To add the Awesome Oscillator to a chart in MetaTrader 4 (MT4) or MetaTrader 5 (MT5), follow these steps:

  1. Open the chart for the currency pair, stock, or other instrument that you want to analyze.
  2. Click on the ”Insert” menu at the top of the chart and select ”Indicators” from the drop-down list.
  3. In the ”Indicators” window, scroll down until you find the ”Awesome Oscillator” and then double-click on it to add it to the chart.
  4. The Awesome Oscillator will appear on the chart as a histogram below the main price chart.
  5. You can customize the appearance of the Awesome Oscillator by right-clicking on it and selecting ”Properties” from the context menu. This will open the ”Awesome Oscillator” properties window, where you can change the color, line style, and other settings for the indicator.
  6. Once you have customized the Awesome Oscillator to your liking, click ”OK” to apply the changes and close the properties window. The updated Awesome Oscillator will be displayed on the chart.

Awesome Oscillator - MT5 chart picture

You might also like

Arrow
Arrow
What is the Awesome Oscillator?

Start Trading in 3 Simple Steps

1
REGISTER

Open a live account and start trading in just minutes.

2
FUND

Fund your account using a wide range of funding methods.

3
TRADE

Access 1000+ instruments across all asset classes

open chat