HOW TO USE THE AWESOME OSCILLATOR INDICATOR - IQ OPTION

3 trading strategies iq options using the Awesome oscillator indicator

Here are 3 types of ways to determine the entry point for open trading positions using the Awesome oscillator indicator

1. Zero Line Cross

Zero line or zero line (0) is the line in the middle, exactly as shown in the picture above.

This is the most basic and clear signal that a beginner trader can also get by using the Awesome oscillator indicator.

Next we will call the Awesome Oscillator indicator as AO.

When AO crosses above the zero line, short-term momentum increases faster than long-term momentum.

In this case, the crossover (penetrated / crossed) the zero line can be considered to be an opportunity to buy Bullish.

When AO passes below the zero line, short-term momentum falls faster than long-term momentum. This pattern is considered an opportunity to sell Bearish.

This setup is the simplest, we only need to wait and observe when the histogram bar starts penetrating down or penetrates up from the zero or midline position.

• A CALL / BUY signal can be found when the histogram bar starts to climb / penetrate from the           bottom zone to the upper zone from the zero / center line.

• The PUT / SELL signal can be found when the histogram bar starts down / penetrates from the top       zone to the bottom zone from the zero / center line.

2. Twin Peak

This setup requires a more specific pattern. The following must be considered in carrying out movement analysis in determining entry points.

CALL / BUY Setup:

• The awesome oscillator histogram bar is below the zero line

• There are two peaks (double top) with the height of the second peak lower than the first peak

• The histogram bar after the second peak is green

Setup PUT / SELL:

• The awesome oscillator histogram bar is above the zero line

• There are two bottom where the second low bottom price is higher than the first bottom

• Trunk histogram after the second bottom is red

3.Caucer or Bowl

This setup is quite complicated because we have to pay attention to the characteristics of each bar / histogram bar.

To make it easier we only need to find a pattern shaped like a bowl basin for each setup, like the picture above.

CALL / BUY Setup:

• Awesome oscillator bar histogram movement is above zero line

• There are two consecutive red bars

• The second red bar is shorter than the first one

• The third bar is green

• Open the open CALL / BUY position on the fourth bar

Setup PUT / SELL:

• Awesome oscillator bar histogram movement is below the zero line

• There are two consecutive green bars

• The second green bar is shorter than the first one

• The third bar is red

• Open open PUT / SELL position on the fourth bar

That's how to read and use the Awesome Oscillator indicator for trading Iq options and forex trading.

But keep in mind that the decision to open your trading position is more accurate, it is necessary to consider by combining with other indicators simultaneously such as with the RSI indicator or MACD.

if you want more details please watch the video below!

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