AOTrend

AO Trend is a Forex indicator. The oscillator is similar to MACD, but distinguished by faster moving and not adjustable signal line which has a leading role in making decisions. The indicator has one adjustable parameter - a period. Entry signals are generated in two cases:

1. When the signal line crosses the zero level;
2. When a histogram, being located in one semiplane with the signal line, crosses this line in direction of increase of relative volumes.

The indicator works identically on all timeframes but requires additional confirmations and some trader adaptation to its readings.