It is a classical oscillator, which shows the signals of trend reversals, which is based on median prices.
View of indicator on the chart:
AO = SMA (Median Price, P1)
Median Price = (High + Low)/2
High — maximum price of bar;
Low — minimum price of bar;
SMA — Simple Moving Average.
That is, this indicator is the difference between a moving average with a period of P1 and a moving average with a period of P2, built on median prices.
To add and configure the indicator, you must open the settings window.
Source - settings of calculation parameters of the indicator:
Panel - select the location of the indicator on the chart:
- New panel
Show value - display the value of the indicator on price scale.
Show zero values- display zero values.
Scale - if this option is enabled, the scale will automatically be calculated based on the minimum and maximum values of the indicator, in order for the indicator to be placed on the graph.
Color - line color.
Visual type - visual adjustment of the indicator on the graph:
- Up arrow
- Down arrow
- Axis label
Line style - customize the appearance of the line:
- Dash - dot
- Dash - dot - dot
Width - adjust the thickness of the indicator line.
P1 - first period
P2 - second period
Show description of indicator
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