Awesome Oscillators - Extensions - MetaTrader 5 Scripts | Forex Indicators Downloads - MT4/MT5 Resources

Awesome oscillators already exist as indicators in MetaTrader 5.

This version adds some options and extra features.

You can use 4 types of averages for calculations:

Expanded price set. In price you can use heiken ashi price which implicitly makes it the same as if you use the indicator on offline heiken ashi chart.

The indicator adds a set of commonly used alerts (alerts on open or closed bars, messages, sounds, emails, push notifications) and is multi-timeframe.

PS: As usual, the awesome Oscillator is very similar to MACD (MACD, by definition calculated using exponential moving averages) and can be used in very similar ways (momentum, divergence, etc.). To make this version more flexible, unlike the original Awesome oscillator (which used periods 5 and 34 and could not be changed), this version allows using any period for calculations.

Attachment download

📎 awesome_oscillator_-_extended.mq5 (31.91 KB)

Source: MQL5 #17117