Awesome Indicator

[Selver]

Hello to all indian-Forex forum members, today I"ll be explaining the awesome indicator that is avaible in the mt4, which can help to get a better a better trading.
Purpose
Bill Williams oscillator reflects specific changes in the driving force of the market, which helps to determine the strength of the track, including the points formed and reversed.
Use it
The following basic signals can be distinguished:
The dish. Is a form of three consecutive bars above the zero line, two of them in red and the third in green, knowing that the first red and the third green - both above the second red color is a clear signal to buy and when the formation, The color is counter and vertically inverted for the zero line. This is a signal for sale.
Intersection of the Zero Line The cross-line chart with the zero line from the negative to the positive (bullish) area gives us a clear signal to buy, when crossing the zero line from the positive to the negative (bearish) is a sell signal.

Two peaks give the indicator a signal to buy during this form of two consecutive floors in the negative zone, when the first is above the second. There will be a sell signal when this form consists of two consecutive peaks in the positive territory, where the second is lower than the first.

How to calculate it
Bell Williams oscillator is calculated by the difference between period 5 and 34 for the simple average, which is formed by the average price of bars (H + L) / 2.
Average price = (top + bottom) / 2
AO = SMA (average price, 5) -SMA (average price, 34)