Awesome Oscillator: Comparing Market Momentum
The Core Idea: Developed by Bill Williams, it’s a histogram that shows the market’s current momentum vs. its general momentum over a longer period.
Mastering the Signal: Watch for the “Zero Line Cross” or the “Saucer” pattern (a change in histogram color/height).
Survivor’s Edge: A “Twin Peaks” setup (two peaks below the zero line, where the second is higher than the first) is one of the most reliable bullish reversal signals.
Link: Awesome Oscillator