The forex industry is made up of countless definitions and it's easy to forget a few along the way. But because no forex education can be complete without a glossary of forex terms, we've compiled one which aims at explaining key definitions in the simplest way possible. This way, you'll never be lost or confused again!
A technical analysis indicator developed by Bill Williams. If the Momentum (Awesome Oscillator) and Acceleration (Accelerator Oscillator) are in sync then there is a very strong trend.
Green Zone : Both AO and AC are green; strong bullish trend.
Red Zone : Both AO and AC are red; strong bearish trend.
Gray Zone : Both Oscillators have different colors; in transition.
Price bars are painted to reflect the current zone.
Category: Technical Indicators