OPEN-SOURCE SCRIPT
Updated ALFA ATC London
This indicator is a data indicator focused on the algorithmic opening prices of stock exchanges and shows these areas. Bias can be obtained from these areas. Trades can be executed by taking advantage of the price's ability to test and hold these areas. The indicator, AS ATC5, includes opening information for the CM New York, London, Frankfurt, and Tokyo stock exchanges. This indicator is designed solely for London and Frankfurt.
Release Notes
Awesome Oscillator (AO) is a momentum indicator developed by Bill Williams that helps identify trend strength and possible reversals. It measures the difference between a 5-period and 34-period simple moving average, both calculated on the median price (high + low) / 2.The histogram fluctuates above and below the zero line:
Above zero suggests bullish momentum
Below zero indicates bearish momentum
Color changes highlight increasing or decreasing strength
AO is widely used to detect:
Zero line crossovers
Saucer setups
Twin peaks patterns
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.
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.
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.