> For the complete documentation index, see [llms.txt](https://help.ampfutures.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://help.ampfutures.com/trading-platforms/quantower/analytics-panels/chart/technical-indicators/oscillators/awesome-oscillator.md).

# Awesome Oscillator

## Description <a href="#description" id="description"></a>

Owesome oscillator is an another kind of Moving average convergence/divergence indicator just with predefined input parameters. AO calculates the difference beetwen 34 period SMA and 5 period SMA smothed with 5 period mooving average.

![](https://gblobscdn.gitbook.com/assets%2F-LD6FsRvQ3jgwJIg6O7r%2F-LEJcze8l8tZqOqzbRdV%2F-LEJf3Y9bcdb5ONji-vT%2Fimage.png?alt=media\&token=d54f80d9-f83a-4e4c-a6d2-2af97a9e42f2)

## Formula <a href="#formula" id="formula"></a>

5 period SMA - 34 period SMA

## Most useful cases <a href="#most-useful-cases" id="most-useful-cases"></a>

* **Divergence/Convergence** - Divergence/Convergence pattern is a form of price action when new high(low) of the price not confirmed with a new high/low of AO. Such price and indicator’s behavior can be interpreted as the weakness of current existing trend.

![](https://gblobscdn.gitbook.com/assets%2F-LD6FsRvQ3jgwJIg6O7r%2F-LEJcze8l8tZqOqzbRdV%2F-LEJfpPKKPIYF6VGLH5j%2Fimage.png?alt=media\&token=09ee5570-7abf-494f-964c-f7dd90139b9e)

* **Crossing zero line** - this is a trend reversing signal and it can be very useful in case of determining a correction of existing trend, beginning of a new trend wave or starting a new trend.

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