The Awesome Oscillator Div indicator is built on the well-known Bill M. Williams indicator, which, if desired, can always be found in the standard set of indicators of the MT4 terminal. This is a bar chart that shows the market momentum for a certain number of recent periods compared to the market momentum for a large number of previous periods.

Divergence is often an early sign of how the market will behave in the near future, so to all the advantages of a classic AO, you can add the ability of this indicator to show divergences in the form of lines and subsequent signals to enter the market. The indicator does not redraw.

• fastma – fast Moving Avarage;
• slowma-slow Moving Avarage;
• divergencebars – the number of bars within which the divergence is determined.