Accelerator Oscillator Plus

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Bill Williams designed the Accelerator Oscillator (AC) to provide the earliest indications possible to changes in the trend, and he claimed that it gives traders a significant advantage in the market.

Improving upon his indicator, I give you Accelerator Oscillator Plus (AC+). Currently, Accelerator Oscillator Plus sets itself apart from other Accelerator Oscillators in Tradingview because it has a source option that allows the user to choose between close, hl2, etc.

Calculation:
AO(5,34) = sma(close,5) - sma(close,34)
AC(5,34,5)+ = AO - sma(AO,5)

The default & recommended settings for Accelerator Oscillator Plus are:
AO ma1: 5
AO ma2: 34
AC ma: 5
AO Source: Close

How to trade with this oscillator:
When values are greater than zero, oscillator is green/bullish.
When values are lesser than zero, oscillator is red/bearish.
A signal to buy occurs when the oscillator changes from (-) to (+) values...and vise versa for a sell signal.

If you have any questions or concerns, please leave a comment down below.
Also, hit the like & follow buttons if you haven't already!
I come up with new indicators every month!
Good luck, and enjoy :)

٦ سبتمبر ٢٠٢٠

ملاحظات الأخبار

Added two new parameters:
"Simple MA (AO)?" - controls whether AO moving averages are simple or exponential. (Default: Exponential)
"Simple MA (AC)?" - controls whether AC moving average is simple or exponential. (Default: Exponential)