Forex news. According to the forex news feed at Masterforex-V Internet Portal, foreign currency traders have an advanced tool – АО_Zotik, a leading indicator which can become a worthy replacement of Bill Williams’ AO.
What are the reasons and needs to look for something to replace AO, an indicator of one of trading classics?
Bill M. Williams’ AO or Super AO as B. Williams, its father, enthusiastically called it, is part of the Alligator trading system – one of the most controversial and ambiguous strategies for trading in the forex market as millions of traders worldwide lost their capitals using it (see further details in articles of the PDF version of Issue No. 4 Market Leader, 2009: ‘The Phenomenon of Bill Williams’ Trading System’ and ‘When and Why Bill Williams’ Alligator… Will Surely Cheat the Trader'). To be brief, Bill Williams' AO lags behind and provides no real tips to forex traders in their trading and is only good at showing the history of previous movements of the forex market.
Will АО_Zotik, a leading indicator, replace the legendary AO by Bill Williams?
It was a real sensation in the forex world when Masterforex-V mention in Book Two, Chapter 9, “Moving Averages (MA). Eliminating MA Drawbacks in MF TS”, that the MF trading system uses a new leading indicator, AO_Zotik which has become a worthy replacement of Bill Williams’ AO. Unlike Williams’ indicator, the new AO_Zotik clearly shows a divergence of any ‘last wave’ of the current trend during the movement independent whether it is the 5th wave of the trend impulse or the 5th wave of corrective C, MF Truncated C etc. This is because the histogram has now been represented as a line and made more sensitive to show acceleration or attenuation in the speed of price movement. AO_Zotik determines a new approach to real time wave analysis. It has become a new tool for leading technical and wave analysis of the market available to students of the Masterforex-V Internet Academy.
What signals does AO_Zotik give in currency charts?
The author of the indicator, Igor Zotov, Head of the Department called the System of Early Forecasting in MF TS Based on AO and WPR Modernization within the , gave a 9-minute video explanation of major elements of AO_Zotik synthesis with new wave analysis of Masterforex-V, especially, how new AO helps to see the ‘last wave’ before trend reversal.
