Awesome OscillatorMomentum

Timeframe M1 · unit pts

What it measures

The Awesome Oscillator takes the median price (average of high and low) and computes the difference between its 5-bar simple moving average and its 34-bar simple moving average. The result is expressed in price points and is centered on 0 by construction.

How Janira reads it (bullish vs bearish)

A positive reading means the short-term median-price average (5 bars) is above the longer-term one (34 bars) - recent median prices are trending above the broader average. Negative means the reverse. The magnitude reflects how far the two averages have diverged.

In plain language

Imagine two averages of the midpoint price (not close, but the exact middle between high and low): one over 5 minutes and one over 34 minutes. When the recent average is above the older one, momentum is described as upward. The Awesome Oscillator simply shows the gap between those two averages.

Scenarios

• Positive reading increasing: the 5-bar median is climbing faster than the 34-bar median - short-term upward momentum is accelerating.
• Positive reading but decreasing: the 5-bar median is above the 34-bar median but the gap is narrowing - upward momentum is present but decelerating.
• Reading crossing zero from positive to negative: the short-term median price has moved below the longer-term average - a potential shift from net upward to net downward median-price momentum.
• Twin-peak pattern: two consecutive positive peaks with a small dip between - the oscillator reached a local high, pulled back but stayed positive, then tried to exceed the first peak. Whether it does or does not carries information about the continuation of upward momentum.

More momentum indicators

Janira computes Awesome Oscillator deterministically from live price action, the same way for every reading - no discretion, no hidden weighting. This page explains the method; it is not a live reading and not advice.