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The Awesome Oscillator is an indicator used to measure market momentum. AO calculates the difference of a 34 Period and 5 Period Simple Moving Averages. The Simple Moving Averages that are used are not calculated using closing price but rather each bar's midpoints. AO is generally used to affirm trends or to anticipate possible reversals.
To apply an Awesome Oscillator Indicator
Once the study is defined, you can elect to uncheck/check to remove and add the study to your chart.