# Elliott Wave Analysis - Awesome Oscillator

### 9 terms by DougReyn

#### Study  only

Flashcards Flashcards

Scatter Scatter

Scatter Scatter

## Create a new folder

A description of the set up and use of the Awesome Oscillator, in Elliot Wave analysis.

### true

The Awesome Oscillator is a form of MACD?

### 5, 34, 5

What are the variables for the AO? In other words the AO is a ___/___ histogram oscillator, with a ___ bar simple moving average signal line.

### 3

Wave ___ in Elliot Wave theory is found by finding the strongest peak on the AO? (unless wave 5 is extended)

### 100

For the AO: you need to set up the chart to show a histogram of ____ bars to a maximum of 140 bars on the screen. (you want to have a 5 wave sequence on screen)

### true

Because oscillators are laggings indicators, the AO will identifiy the top or bottom of wave 3, and is seen as the greatest price, 1-5 bars on the oscillator prior to the peak in the oscillator.

### true

The AO signals when minimum requirements have been met for the end of wave 4, when the histogram comes back and crosses the signal line.

### reversal

When we see divergence between wave 3 peak and wave 5 peak, we look for a potential _______ of the direction of the trend.

### 20

A typical set up on the screen would be a 4 hour chart zoomed to a level that shows approximately ____ trading days on the screen.

### sell

The general idea with the signal line is to buy when it is above the zero line and ____ when it is below the zero line. (after taking into account your other indicators and wave counts)

Example: