Theory : Bill Williams's Awesome Oscillator Technical Indicator (AO) is a 34-period simple moving average, plotted through the bars midpoints (H+L)/2, which is subtracted from the 5-period simple moving average, built across the bars midpoints (H+L)/2. It shows us quite ...
from https://tradingrobots.net/pdfma-awesome-oscillator-indicator-for-metatrader-5/