April 17

iMACD and Awesome Oscillator Indicator

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In this video tutorial, we will combine the iMACD and Awesome Oscillator Indicator.

This is about the setup as the previous video tutorial.

As you know by now, combining indicators can be fun and easy.

It’s really up to your creativity on what indicators you wanna combine.

It’s always wise to combine as least 2 indicators… not too many, however, because the more indicators you use you may never ever get into position.

Let’s get started on today’s strategy by combining the iMACD and Awesome Oscillator Indicator.

Basically, we first want to look for the histogram of the Awesome Oscillator to move above the Zero line to signal us that the uptrend is developing.

After we have a confirmed buy signal from the Awesome Oscillator, we want confirmation from the iMACD.

The iMACD lines should be crossing over… Blue crossing above the Red line to confirm that the Awesome Oscillator buy signal.

To go a step further if you are more conservative, we want to have a green candle price bar to confirm that market is bullish about this change in trend.

Similarly, it’s the same process for short positions.

We want the Awesome Oscillator Histrogram to move below the Zero line.

Then we want further sell confirmation from the iMACD where we want to see the Red line crossing the Blue line…of course both moving downwards.

Then for the conservative trader the last confirmation in the price bar… which should be red in color to confirm market sentiment to be bearish.

And in truth, there is nothing wrong being conservative.

It’s better to be conservative than being aggressive.

Because in the end, it’s all about consistency.

We are not in the business for looking at making our portfolio volatile.

We want consistent growth in our portfolio and when it’s consistent enough that’s when you know you are on the right track in this wonderful profession.

We hope you have enjoyed this video tutorial.

We look forward to the next one with you.


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Tags

Awesome Oscillator Indicator, iMACD and Awesome Oscillator Indicator, iMACD Indicator


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