How to use ‘Awesome Oscillator’ in trading strategy

For instance, during a strong uptrend, it is common for indicators to frequently venture into overbought territory and barely reach oversold zones. Unless these dynamics start to change, the fact that overbought levels are easily reached but oversold levels are barely reached tells how robust the current uptrend is. When a trend is weakening or is about to reverse, the dynamics of technical indicators will start to change beforehand and accordingly warn the analyst to adjust his trading strategies.

Developed by Gerald Appel, the Moving Average Convergence Divergence is a momentum indicator that is commonly used in a trending market. It is plotted below the price and comprises of three elements. The first is the MACD line, which is the difference between two moving averages, one shorter and the other longer. The second is the signal line, which is used to smoothen the MACD line. The third is the histogram, which is the difference between the MACD line and the signal line. Stacie Bush joined UET in November of 2011 as a Senior Marketing Analyst in the risk group and was later promoted to Risk Manager – Crude and Refined Products.

Fraser MacDonald

You can find more details by visiting the additional pages to view historical data, charts, latest news, analysis or visit the forum to view opinions on the WSM quote. In addition to gas scheduling, Justin managed the day-to-day balances for one of the Pacific Northwest’s largest Cogeneration plants as well as the balances and transportation for several large industrial customers. Fraser MacDonald started his career with United Energy Trading in 2007 as a Gas Control Analyst. Fraser is a graduate of University of Calgary with a Bachelor of Commerce. He also served as the Director of Consumer Marketing for the Venetian Resort Hotel Casino, opening the property on May 3, 1999. At a cost of over $1.5 billion, it was one of the most expensive resorts of its kind at the time.

For reference In Zerodha, they provide ChartIQ chart platform… Pivot can be helpful but is quite subjective depending on the formula one uses to calculate it. For instance, some use plain pivots that just involve OHLC data and then calculate resistances and supports based on that.

Check is the Awesome Oscillator Indicator Displays two swing lows and the Second low is higher than the first

In 2009, Mr. Penney began development of a natural gas trading book in East Texas and throughout the Gulf Coast, building valuable relationships with the producers and customers. In early 2010, Mr. Penney helped develop the United Energy Trading’s crude oil business, making United Energy Trading one of the first companies to ship unit trains out of the Bakken. In 2014, upon seeing an opportunity to further diversify United Energy Trading, Mr. Penney started the United Energy Trading’s refined products department.

In contrast to the bull bar, there is also a bearish reversal bar. That is, at first the bulls ruled, but in the end, the bears won. Again, How Do Gross Profit and EBITDA Differ the green line corresponds to about one-fifth of the teeth time structure . In fact, it displays where the price would be out of chaos.

How to do Scalping using Awesome Oscillator?

Jake Housman brings 16 years of oil and gas experience to UET. After serving in the US Military on a EOD Team, Jake started in the industry with Grey Forest Utilities, a gas municipality near San Antonio, TX while using his G.I. Bill at the University of Texas at San Antonio where he completed a Bachelors in Business in Construction Management. In 2014, Jake transferred to Houston where he traded Eagle Ford and USGC crude waterborne grades. All during 2015, Jake started Chevron’s US crude export strategy to align with Chevron’s expected growth, where later in 2015 the US Crude Export Ban was removed. In mid-2019, he joined Arcadia and successfully started up a US Crude Export capability out of Houston, TX. Not long after, In Jan of 2021, Jake joined UET.

• By Geoffrey Smith Investing.com — U.S. stock markets opened lower on Thursday, giving back from of the gains they made in the wake of the Federal Reserve’s interest rate hike and press…
• Then, the MACD line again crossed above the signal line, warranting addition of further long positions.
• She joined CIMA Energy as a crude oil rail scheduler in 2011 and within a couple years, was promoted to Director of Operations, overseeing all the operations of the bulk crude oil desk.
• This trading technique is much alike trading bullish divergence on histogram below Zero Line.
• Currently, Cav is focused on building and pursuing opportunities within UET’s refined products business, where he trades gasoline, diesel and ethanol.
• So far, we have studied about price tools, price patterns, and moving averages.

This is a prediction, please do your own research before doing any trade based on this analysis. Siacoin SCBTC is one of the few altcoins that did not go bullish in the last few bullish waves we’ve seen. Therefore, we look to lock in our profits at this level as we know an attempt below this keepkey release candidate chrome will keepkey ever get physically smaller could cause a change in the structure of the market. That is not to say everything that is said to us is an intentional lie or an ill-conceived one. This blog mission is to teach people about Forex trading, including trading strategies, robots , and indicators. We provide newcomers with lessons, reviews, tutorials, and more.

As the Director of Operations at an energy consulting firm, Amy has focused on managing wholesale and retail growth and development. Amy received her undergraduate degree from Michigan State University and her Master’s from the University of Maryland. Scott began his career in the oil industry in 1987 with the Permian Corporation in Midland, Texas. He started in the field and moved into crude oil marketing as a Lease Crude Representative continuing through the merger with Scurlock Permian. In 1994, Scott and two partners formed Navajo Crude Oil Marketing. During his tenure with the company, he held multiple Vice President titles for Navajo Crude Oil Marketing, Navajo Refining Company and Holly Refining and Marketing.

Stocks priced under Rs 50 that could be ‘buy’ candidates on Williams %R chart

Similarly, a security is said to be oversold when the indicator value reaches an extreme on the downside. This happens when the decline in price gets ahead of itself in a relatively short span of time. An oversold condition warns an analyst that the price could be set for a near-term recovery. An analyst might consider initiating a counter position i.e. going long, if the oversold condition in the oscillator is followed by some sort of bullish signal in price.

The only weakness of the system, in my personal opinion, is its entrance. However, in this case, the use of additional filters may help. Also, at the entrance do not forget to take into account the levels of support and resistance – it’s silly to go straight into the level direction.

Seven of those years were spent trading natural gas, mainly in the West Texas area, giving her insight into her current responsibility of monitoring traders and risk. A native of Colorado, Ms. Birdsall graduated from the University of Northern Colorado in Greeley https://1investing.in/ with a Bachelor of Science degree in Accounting. She also holds a Master of Science degree in Accounting from the University of Colorado-Denver. She received her Colorado Certified Public Accountant license in 1999, and continues to keep that license current.

For instance, during the final stages of an uptrend, an indicator will start to show signs of weakness by sliding a few times into oversold zone but failing to reach anywhere near the overbought territory. Such a development is an early warning that the uptrend could be nearing an end. Similarly, during a downtrend, it is common for indicators to frequently venture into the oversold zone but barely reach the overbought zone.

OBV is an indicator that uses volume in its calculation to measure the force of the move in price. Depending on the closing price, the OBV line could increase, decrease, or remain unchanged. By Oliver Gray Investing.com – U.S. stock futures were mixed during Wednesday’s evening deals after major benchmark averages closed higher as investors digested the latest Federal Reserve… By Peter Nurse Investing.com — U.S. stocks are seen opening slightly higher Friday, rallying into the long weekend, helped by a reassessment of the Federal Reserve’s tightening bias as… Dave Sandy is the Financial Controller for United Energy Trading.

Mr. Penney began his career with United Energy Trading in 2004, while attending college full-time. He started as an Information Technology consultant and was quickly accepted into United Energy Trading’s Internship Program. During his internship, he performed various accounting functions and implemented several new systems, integrating them with existing programs and departments. In 2008, Mr. Penney graduated from Sam Houston State University with a bachelor’s degree in Finance. He then joined United Energy Trading full-time as the Marketing and Information Technology manager. The Indian stock market has managed to claw back some of the lost momentum after the sharp correction two months back that took the indices to around 15% below their peak.

Bill holds a BBA in Finance from Texas Christian University and MBA from Southern Methodist University with a concentration in Finance. Jay started his career with United Energy Trading, LLC in May of 2013. Jay started his career in 1993 at Columbia Gas of OH and has extensive industry experience ranging from scheduling, financial and physical trading, asset management, and risk management.