Awesome Oscillator

The Awesome Oscillator for NinjaTrader 8

The Awesome Oscillator is similar to the raw MACD, but instead applies simple moving averages periods of 34 and 5, as opposed to the exponential moving averages used for the MACD. The input value is the median of the bar, whereas the default MACD uses the close.

Indicator Description

Bill William’s Awesome Oscillator is similar to the raw MACD. However, instead of the exponential moving averages used for the MACD, this indicator applies simple moving averages periods of 34 and 5. Also, the input value is the median of the bar, not the MACD default close. The histogram output is similar to the raw MACD line.

The indicator is available for NinjaTrader 8.