Awesome Oscillator or Perkytrend indicator
Awesome Oscillator - standard oscillatory indicator, which one of the authors decided to give his name to it Perkytrend.
In fact Awesome Oscillator indicatorsometimes referred to as the miraculous with Bill Williams' oscillator., is the 34-period moving average that is subtracted from the value of the 5-period MA.
Awesome Oscillator indicator displays the current situation on the market: green and red colors on the histogram indicate the direction of price movement. In case of a signal in several bars of the histogram identical in color, a signal to open a position is received.
Commentary from ForTrader.org: if you think you've found the Grail in the person of Perkytrendand thank Bill Williams for his Awesome Oscillator.