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Awesome Oscillator (AO): saucer buy / sell signals

Awesome Oscillator Saucer buy signal The signal is generated when the histogram which is above the zero line changes its direction from falling to rising (pic.1). Histogram “A” bar, of any color, should be higher than histogram “B” bar. Histogram “B” bar must be red. Histogram “C” bar (signal) must be green. A signal bar is a bar where the signal column generated.
Picture 1. Awesome Oscillator (AO): saucer buy signal
Once the signal has been generated, place a Buy Stop one tick above the high of the price bar that corresponds to the histogram “C” bar. The most recent saucer signal cancels all previous ones (do not forget to delete pending orders after the signal is canceled). Bear in mind that we buy only if the current histogram bar is green and we sell only if the current histogram bar is red. Awesome Oscillator Saucer sell signal The signal is the opposite of the Awesome Oscillator Saucer buy signal (see above). This signal is generated when the histogram that is below the zero line changes its direction from rising to falling (pic.2). Histogram “A” bar, of any colour, should be lower than histogram “B” bar. Historgam “B” bar must be green. Histogram “C” bar (signal) must be red. Once the signal has been generated, place a Sell Stop one tick lower than the low of the price bar that corresponds to the histogram “C” bar. The most recent Awesome Oscillator saucer sell signal cancels all previous signals.
Picture 2. Awesome Oscillator (AO): saucer sell signal