Awesome Oscillator Div

Awesome Oscillator Div is based on the well-known Bill Williams' indicator that can be found in the standard MT4 terminal indicator set. This is a histogram displaying a market impulse for a certain amount of recent periods compared to a market impulse for a greater amount of previous periods.

The divergence often shows where the market is about to move in the near future. This indicator combines all benefits of the standard AO with the ability of the indicator to show divergences in the form of lines followed by market entry signals. The indicator does not redraw.

Parameters

• fastma – fast Moving Avarage;
• slowma – slow Moving Avarage;
• divergencebars – amount of bars, within which the divergence is defined.