The Absolute Price Oscillator displays the difference between two exponential moving averages of a security's price and is expressed as an absolute value. How this indicator works APO crossing above zero is considered bullish, while crossing below zero is bearish. A positive indicator value indicates an upward movement, while negative readings signal a downward trend. Divergences form when a new high or low in price is not confirmed by the Absolute Price Oscillator (APO). A bullish divergence forms when price make a lower low, but the APO forms a higher low. This indicates less downward momentum that could foreshadow a bullish reversal. A bearish divergence forms when price makes a higher high, but the APO forms a lower high. This shows less upward momentum that could foreshadow a bearish reversal.
excellent.Chart looks easy.Request author to make the histogram above 0 and below o different colors which could be further helpful.The new histogram color change may be notified.Regards.
HPotter
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@AnnaCrude, I forgot to make it as Strategy header. It in the next version will be a backtesting. But I can write histogram if it will be helpful.
great indicator but it turns my candles the wrong colour.
Any assistance thanks.