Awesome Oscillator - 4 colors, customizable - MetaTrader 4 script
Awesome oscillator, customizable, 4 colors, and more parameters
I started with the default MetaQuotes Awesome Oscillator.
I borrowed the idea of 4 colors from the AIMS YouTube video. There are more parameters from other Awesome Oscillators in CodeBase.
I want the most customizable AO to suit my needs.
Attachment download
📎 ao_4colors.mq4 (4.73 KB)
Source: MQL5 #16440
Awesome Oscillator - 4 colors, customizable - MetaTrader 4 script usage and filtering suggestions
Awesome Oscillator - 4 colors, customizable - MetaTrader 4 scripts are resources related to trading scripts. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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