moving averages of a security's price and is expressed as an absolute value.
How this indicator works
APO crossing above zero is considered , while crossing below zero is .
A positive indicator value indicates an upward movement, while negative readings
signal a downward trend.
Divergences form when a new high or low in price is not confirmed by the Absolute Price
Oscillator (APO). A forms when price make a lower low, but the APO
forms a higher low. This indicates less downward momentum that could foreshadow a
reversal. A divergence forms when price makes a higher high, but the APO forms a
lower high. This shows less upward momentum that could foreshadow a reversal.
You can change long to short in the Input Settings
- For purpose educate only
- This script to change bars colors.