OPEN-SOURCE SCRIPT
William's Awesome Oscillator (AO) - Log-scaled
A 5-34-5 MACD plotted as a histogram, aka William's Awesome Oscillator (AO), scaled to log price.
Useful for finding momentum divergences in volatile and long-term price charts which show logarithmic trends. As you can see compared to the original (not log) AO indicator, it follows the momentum on the log-scaled price chart much more closely.
Useful for finding momentum divergences in volatile and long-term price charts which show logarithmic trends. As you can see compared to the original (not log) AO indicator, it follows the momentum on the log-scaled price chart much more closely.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Find me on x.com/intuit_trading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Find me on x.com/intuit_trading
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.