Thursday, June 11, 2009
Awesome Oscillator Trend Strategy
The Forex Market, at times, can be successfully traded using the awesome oscillator as indicator. This oscillator maybe lagging, but in some cases, they can prove themselves worthy of being the indicator that can show the momentum of the market, that is when there is a trend or a reversal.
The awesome oscillator consists of green and red bars. The bars can form mountains, valleys and saucers that will be good indicators of trends that are tradable.
I'd love to provide an explanation on this, but I found that the OANDA site has already done that, so here you go! Once on the site, scroll down to view the Interpretation.