Awesome Oscillator Indicator: what is it for?

The Awesome Oscillator (AO) indicator is a tool designed to identify trend changes in the cryptocurrency market and other assets. It is based on the difference between two moving averages and helps traders determine the strength of the trend and possible entry or exit points from a trade. AO is often used to detect divergences, which allows for predicting market reversals. This indicator is simple to use but can be quite effective, especially when combined with other technical analysis tools.