VikontTrade

Awesome Oscillator_VTX


Abbreviations:
AO - Awesome Oscillator
AC - Accelerator Oscillator
TP - TimePeriod (1m,2m,5m,1h....)
TP Steps - 1m, 3m ,12m,1h,5h,D (This steps i use)

Use-case:

Awesome Oscillator best used to find Divergence/Convergence what results in Weakening of Momentum and Price reversals.

This script calculates and plots AO/ AC with minute precision, removing GAPS when projecting Higher Period AO/ AC .
So you can accommodate all important information on one chart with best precision.
Made for Intraday Perioads.
Best used for DayTrading, when you need to make quick and efficient decisions.

Calculation = Preferred resolution * Length / Present resolution.

As Additional Function, this Awesome Oscillator has AC built in.


Settings:

Resolution - Most used TP included, plus some exclusive paid plans (1m, 2m, 3m , 5m, 12m, 15m, 1h, 4h, 5h, Daily). Default set to 1h
Use AO - You can switch between EMA and SMA for FastMA/SlowMA calculation. Default set to EMA
FastMA - standard function. Default set to 5
SlowMA - standard function. Default set to 34
Signal Line - Plots MA to show Momentum. Uses EMA / SMA based on "Use AO" selection. Default set to 5
Use AC - You can switch between EMA and SMA for AC calculation. Default set to SMA
Offset - standard function. Default set to 0
Accelerator - AC length. Default set to 5
Source - standard function. Default set to hlc3


Why to use it ?

Yes, i know that variable TP is standard now in TradingView. But there are some limitations, especially for DayTraders.

Problem:

Imagine you are trading/scalping on 1m.. 5m.. 15.. charts and you want to see where are your on Higher TP.
-- You can change to 1h and check it, but you will loose the picture from smaller TP.
-- You can use Standard TP function, but your data will update every 15m, 1h (depends on TP). And in result you have Gaps between bars.

Solution:

This script help to solve this problem, by breaking information down to 1m and building from there.
So whatever Intraday TP you choose to trade, your AO/ AC will be updated with minute precision.

Limitations:

Sadly nothing without limitations.
1. For Best performance use only Higher TP dividable By Yours (ex. You use 3m chart, then you can plot 12m, 15m, 1h / You use 5m chart, then you can plot 15m, 1h. 12m will already have 3m of information lost using 5m Chart)
リリースノート: - Added Color Signal on crossing Zero Line. (Switched Off by Default)
- As Option you can choose to use AO, AC or Signal Line for this.
- Coloured Green Or Red depending if Source crossing UP or Down.

This should help to avoid zooming In and Out, just to see if requirement is met.
リリースノート: Tradingview code Grown, So does indicators become more polished.

- Now Indicator takes "Native Resolution" as default
- It is possible to use at any TimeFrame (Not only intraday)
- On 1h Chart you can project 5day MACD/AO
- Added function Plot -> Trackprice, so you can see precisely see where your MACD/AO and AC are

Safe and profitable trades to all.
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