This indicator plots the oscillator as a histogram where blue denotes
periods suited for buying and red . for selling. If the current value
of AO (Awesome Oscillator) is above previous, the period is considered
suited for buying and the period is marked blue. If the AO value is not
above previous, the period is considered suited for selling...
This is one of the techniques described by William Blau in his book "Momentum,
Direction and Divergence" (1995). If you like to learn more, we advise you to
read this book. His book focuses on three key aspects of trading: momentum,
direction and divergence. Blau, who was an electrical engineer before becoming
a trader, thoroughly examines the relationship...
![EURUSD: [STRATEGY][RS]MarxBabu 4 Oscillators V0](https://s3.tradingview.com/2/21JnEuwF_mid.png "[STRATEGY][RS]MarxBabu 4 Oscillators V0")
![EURUSD: [STRATEGY][RS]MarxBabu 4 Oscillators V0](https://s3.tradingview.com/j/jG5QmbAr_mid.png "[STRATEGY][RS]MarxBabu 4 Oscillators V0")