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Supertrend & William Fractal with Awesome Oscillator
Supertrend & William Fractal with Awesome Oscillator
This custom indicator combines the Supertrend, William Fractals, and Awesome Oscillator (AO) to help traders identify potential buy and sell signals based on multiple technical factors.
Key Features:
Supertrend: The Supertrend indicator is used to determine the current trend direction. It is plotted as a green line (bullish trend) when the price is above the Supertrend line and red (bearish trend) when the price is below it.
William Fractals: William Fractals are used to identify turning points in the market. Fractal Up signals occur when there’s a local peak (potential buy signal) and Fractal Down signals occur when there’s a local trough (potential sell signal).
Awesome Oscillator (AO): The AO is a momentum indicator that shows the difference between the 34-period and 5-period simple moving averages (SMAs) of the median price. The AO helps identify trends and reversals. The AO above 50 indicates a strong bullish momentum, and below 50 indicates bearish momentum.
Conditions for Signals:
Buy Signal: When the Awesome Oscillator is above 50, Supertrend is green (bullish trend), and a William Fractal Up signal occurs.
Sell Signal: When the Awesome Oscillator is below 50, Supertrend is red (bearish trend), and a William Fractal Down signal occurs.
Alert Conditions:
Alerts for Buy and Sell signals, as well as Fractal Up and Fractal Down signals, to notify traders of potential entry or exit points.
This custom indicator combines the Supertrend, William Fractals, and Awesome Oscillator (AO) to help traders identify potential buy and sell signals based on multiple technical factors.
Key Features:
Supertrend: The Supertrend indicator is used to determine the current trend direction. It is plotted as a green line (bullish trend) when the price is above the Supertrend line and red (bearish trend) when the price is below it.
William Fractals: William Fractals are used to identify turning points in the market. Fractal Up signals occur when there’s a local peak (potential buy signal) and Fractal Down signals occur when there’s a local trough (potential sell signal).
Awesome Oscillator (AO): The AO is a momentum indicator that shows the difference between the 34-period and 5-period simple moving averages (SMAs) of the median price. The AO helps identify trends and reversals. The AO above 50 indicates a strong bullish momentum, and below 50 indicates bearish momentum.
Conditions for Signals:
Buy Signal: When the Awesome Oscillator is above 50, Supertrend is green (bullish trend), and a William Fractal Up signal occurs.
Sell Signal: When the Awesome Oscillator is below 50, Supertrend is red (bearish trend), and a William Fractal Down signal occurs.
Alert Conditions:
Alerts for Buy and Sell signals, as well as Fractal Up and Fractal Down signals, to notify traders of potential entry or exit points.
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