The Andean Oscillator (originally created by Alex Grover) is a technical indicator that tracks upward and downward price momentum. It separates bullish and bearish pressure rather than combining them into a single line, and is highly favored in trading environments.
Best used as a 2 lines cross (red and green) for entries.
You can chose to ignore the yellow signal completely but it performs well if you use it for exits instead :
- when green line crosses back below it close the sell
- when red line crosses back below it close the buy
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