Indicator
built on the principle of ” Awesome
Oscillator ” and tells us what is happening at the current time with the
driving force of the market.
The same trading rules apply to it. The difference between it and “AO” is that it is not late. This is especially noticeable after a strong market movement, which gives it
a tangible advantage over his
older brother. It also displays “classical divergence” and “reverse
divergence”. The line of the last “reverse divergence” is extended in the main chart window (in the
screenshot, it has the color Aqua). Its breakout gives a
signal for a market reversal or a continuation of the price movement.

Since this line is a strong support/resistance line, the indicator provides the “DelLine” function, which is disabled
allows you not to remove the line from the screen when switching to another TF and color it in
different colors (each for its own TF) for easy perception and analysis.

Other
settings:

• DivergenceAlertON-alert when a new divergence appears.
• Divergence-determine the divergence or not.
• drawIndicatorTrendLines-draw lines
  divergences in the main chart window.
• drawPriceTrendLines-draw divergence lines in the indicator window.
• drawLine-draw the continuation lines of the reverse divergence
  in the main chart window.
• BearishColorLine – the color
  of the descending divergence lines.
• BullishColorLine – the color of the ascending divergence lines.
• ColorLINE – the
  color of the “continuation” line of the reverse divergence (DelLine=false).
• Bar – the number of bars on which
  the divergence is determined.