Awesome oscillator
A short average of each bar's midpoint less a long one, drawn as a histogram.
Formula
AO = SMA(5) − SMA(34) of (High + Low) ÷ 2
How to read it
Above zero is bullish momentum; bars turning green while rising.
How to use it
Spots shifts in momentum, such as a cross of the zero line.
In Kereon
Charts · Superchart. Defaults 5 and 34; zero line drawn.
Also called: awesome, ao, bill williams.