The Awesome Oscillator Saucer buy signal
Awesome Oscillator Saucer buy signal is generated when the histogram is above the zero line and changes its direction from falling to rising (red to green).
Once the signal has been generated, place a Buy Stop one tick above the high of the price bar that corresponds to the last green histogram bar. Notice in the chart to the left that there were three instances were the histogram went from red to green but only the last one triggered a trade.
The most recent saucer signal cancels all previous ones (do not forget to delete pending orders after the signal is cancelled). Bear in mind that we buy only if the current histogram bar is green and we sell only if the current histogram bar is red.
The Awesome Oscillator Saucer sell signal
Awesome Oscillator Saucer sell signal is the opposite of the Awesome Oscillator Saucer buy signal (see above). This signal is generated when the histogram is below the zero line and changes its direction from rising to falling (green to red).
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