Hey there, fellow traders! Today, we’re diving into the world of the Acceleration/Deceleration AC MTF indicator. This nifty tool is based on Bill Williams' Accelerator Oscillator and is perfect for those who want to keep an eye on multiple timeframes.
This indicator comes with five customizable parameters that let you tailor it to your trading style:
- AO Fast MA period - This sets the calculation period for the fast SMA in the Awesome Oscillator.
- AO Slow MA period - This one is for the slow SMA calculation period in the Awesome Oscillator.
- AC MA period - This parameter controls the SMA period used for assessing acceleration or deceleration.
- AC timeframe - Choose the timeframe from which the AC data will be displayed on your current chart.
- Drawing mode - You’ve got two options here:
- Steps - Displays the data in steps.
- Slope - Shows the data with sloping lines.
Fig. 1. Accelerator Oscillator data from H4 displayed on an H1 chart, Drawing mode = Steps
Fig. 2. Accelerator Oscillator data from H4 displayed on an H1 chart, Drawing mode = Slope
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