29 August 2016

Awesome Oscillator

Awesome Oscillator (AO) was developed by Avrum Suodack and Gene Quong. It uses both volume and price to measure buying and selling pressure in an instrument....

Awesome Oscillator (AO) was developed by Avrum Suodack and Gene Quong. It uses both volume and price to measure buying and selling pressure in an instrument. The output values ranges from 0 to 100 and works like an RSI – the Awesome Oscillator is also known as volume-weighted RSI.

Investors use the Awesome Oscillator to look for divergence when the MFI moves in the opposite direction of the price.