One more very popular Indicator is AO-MODERN which task is to determine a trend and to show divergence signals. It is placed in the section Indicators - Divergence
at chart it looks as following:
Settings of the indicator:
In them it is only possible to specify color and width of lines for better perception at graphics.
It is possible to trade on this indicator as follows:
1. To buy if the histogram of the indicator crosses the zero line from below up and to sell if the histogram falls below zero.
2. If divergence was formed in the field of the indicator below zero, we buy and if above zero, we sell, as shown at the pic below:
We wish profit.