> For the complete documentation index, see [llms.txt](https://help.quantower.com/quantower/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://help.quantower.com/quantower/analytics-panels/chart/technical-indicators/oscillators/awesome-oscillator.md).

# Awesome Oscillator

## Description

Awesome Oscillator is another kind of Moving average convergence/divergence indicator just with predefined input parameters. AO calculates the difference between the 34-period SMA and the 5-period SMA, smoothed with a 5-period moving average.

![](/files/-LEJf3Y9bcdb5ONji-vT)

## Formula

5-period SMA - 34-period SMA

## Most useful cases

* **Divergence/Convergence** - Divergence/Convergence pattern is a form of price action when new high(low) of the price not confirmed with a new high/low of  AO. Such price and indicator’s behavior can be interpreted as the weakness of current existing trend.

![](/files/-LEJfpPKKPIYF6VGLH5j)

* **Crossing zero line** - this is a trend-reversing signal and it can be very useful in case of determining a correction of existing trend, the beginning of a new trend wave or starting a new trend.


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