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Forex Technical Indicator IFX DAO

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Forex Technical Indicator IFX DAO Empty Forex Technical Indicator IFX DAO

Post  Admin on Tue Apr 14, 2015 2:45 pm

IFX_DAO indicator (Double Awesome Oscillator) is a variant of Awesome Oscillator by Bill Williams presented in his trading chaos theory. The indicator consists of two Awesome Oscillator’s lines, rapid and slow.

Formula
Median price = (HIGH + LOW) / 2
Awesome Oscillator = SMA (Median price, 5) — SMA (Median price, 34)

Trading use
Used in Meta Trader 4, this oscillator combines two Awesome Oscillator’s indicators which are displayed on the chart as a histogram.
Here are the basic rules of trading according to Double Awesome Oscillator:

The #indicator gives a buy signal when a red histogram of rapid Awesome Oscillator (AO) crosses a green histogram of slow AO from bottom to top
Traders should sell when a red histogram of rapid AO crosses a green line of slow AO from top to bottom
Trades should be closed when histograms intercross backwards
You should refrain from trading when the indicator’s lines are directed sideways. You had better open a trade when you can see an obvious trend has been formed for a certain financial asset
In case you see that indicator’s lines show mixed movement, you should trade in the direction of a slow AO’s line.

Forex Technical Indicator IFX DAO Dao_graph

Indicator IFX DAO
Reviewed by Trader on Forex
Rating: 5
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Last edited by Admin on Sat Apr 21, 2018 2:42 pm; edited 6 times in total


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Post  ResinKan on Sun Jun 21, 2015 2:45 pm

I like awesome oscillator a lot and try to use it quite often in my technical analysis.
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Post  Admin on Thu Apr 14, 2016 12:47 pm

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