Awesome Oscillator: Proper guide on How to trade with it?

 


Hello...folks in this article I am going to talk about one of the most famous strategy i.e Awesome Oscillator Strategy.

The Awesome Oscillator is a really powerful indicator and can be used by both beginners and pros.

What is an Awesome Oscillator Indicator?

Awesome Oscillator is a Technical analysis indicator that helps you predict the market up and downs, entry, and exits points & more.

The awesome oscillator indicator is developed by famous technical analyst and charting enthusiast Bill Williams.

This indicator gives you the best result in a long time frame.

Awesome Oscillator Indicator Setting:

To illustrate Awesome Oscillator Indicator I am going to use Binomo.

Firstly, you need a Binomo account. If you don't have a Binomo account Click here.

You can sign up via the form below.



Firstly, Click here, and you will land on the Binomo Homepage. Click on Give a try.

    
Now, click on Email, password & click on create an account. 




Once you have signed up you will land on the Binomo dashboard.



Now, click on chart type and select a candle from the menu.


Now click on the indicator button.


Now, select a great oscillator or awesome oscillator from the menu.




Now, your dashboard will look like this.




Awesome Oscillator Indicator Strategy

Talking about Awesome Oscillator Indicator Strategy, well using this strategy is damn very easy.

The golden rule of the Awesome Oscillator Strategy says:





If we see the continuous green spikes in the overbought level then we can say that the market is a bullish trend.

However, If we see some red spikes or correction in the overbought level then we can say that sellers are trying their hard to push the market down.

****************************************




Similarly, If we see the continuous red spikes in the oversold level then we can say that the market is a bearish trend.

However, If we see some green spikes or correction in the oversold level then we can say that buyers are trying their hard to push the market up.

Example:





See the chart above, at point number (a) we can see a clear bullish trend so we can place a BUY trade here.

If you are trading in binary option you can place a short BUY trade.

Similarly, at point number (c) we can see a clear bearish trend so we can place a SELL trade here.

If you are trading in binary option you can place a short SELL trade.

Winding Up:

So, this is the end of this article. I hope you have found this article helpful.

This article was all about Awesome Oscillator Indicator Setting, Awesome Oscillator Indicator Strategy


Post a Comment

Previous Post Next Post