Bill Williams' Awesome Oscillator compares recent momentum to broader momentum using the difference between two simple moving averages of the midpoint price, making momentum shifts visually clear through its histogram. It pairs well with the MACD for layered momentum confirmation across stocks, crypto, and forex. Apply the AO on TradingView for real-time saucer and twin peaks setups, and integrate it into your trading strategies for systematic momentum trading.
AO = 5-period SMA of (High + Low) / 2 minus the 34-period SMA of (High + Low) / 2. Positive histogram = short-term momentum above long-term. The colour of the bars (green = rising, red = falling) shows acceleration.
The Gator Oscillator is a histogram companion to the <a href="/academy/indicators/alligator" class="text-primary hover:underline">Alligator</a> indicator, visualising the degree of convergence or divergence between the Alligator's three smoothed moving averages. It makes it easier to see when the Alligator is sleeping, awakening, eating, or sated — key phases in Bill Williams' trading system. Use both indicators together on <a href="/tools/platforms/tradingview" class="text-primary hover:underline">TradingView</a> and pair with the <a href="/academy/indicators/awesome-oscillator" class="text-primary hover:underline">Awesome Oscillator</a> for the complete Williams toolkit.
Money Flow Index is a volume-weighted <a href="/academy/indicators/rsi" class="text-primary hover:underline">RSI</a> that incorporates both price and volume data, providing a more complete picture of buying and selling pressure than RSI alone. MFI divergence carries extra weight because it reflects real capital commitment, making it invaluable for <a href="/market/crypto" class="text-primary hover:underline">crypto</a> and <a href="/market/stocks" class="text-primary hover:underline">stock</a> traders. Pair MFI readings with your <a href="/strategies" class="text-primary hover:underline">trading strategies</a> and always confirm signals with price structure. Explore our complete <a href="/academy/indicators" class="text-primary hover:underline">indicator guide library</a> to find complementary oscillators and volume tools.
Rate of Change measures the percentage change in price over a specified period — the simplest momentum indicator that provides a clear picture of whether price acceleration is increasing or decreasing. ROC works across <a href="/market/stocks" class="text-primary hover:underline">stocks</a>, <a href="/market/crypto" class="text-primary hover:underline">crypto</a>, and <a href="/market/forex" class="text-primary hover:underline">forex</a>, making it a versatile addition to any <a href="/strategies" class="text-primary hover:underline">trading strategy</a>. Use ROC divergence as an early warning signal alongside tools from our <a href="/academy/indicators" class="text-primary hover:underline">indicator guide library</a> for multi-factor confirmation before entering a trade.
Bears Power and Bulls Power — collectively known as the Elder-Ray Index — measure the strength of buyers and sellers relative to a 13-period <a href="/academy/indicators/exponential-moving-average" class="text-primary hover:underline">EMA</a>, helping traders assess the balance of power at any given moment. Developed by Alexander Elder, this system works best when the EMA is trending and one of the power readings dips to near zero in the trend direction. Combine it with the <a href="/academy/indicators/force-index" class="text-primary hover:underline">Force Index</a> for the full Elder trading system across <a href="/market/stocks" class="text-primary hover:underline">stocks</a> and <a href="/market/forex" class="text-primary hover:underline">forex</a>.