Moving Average Oscillator

The moving average oscillator is commonly used as a means of smoothing momentum. The moving average oscillator is calculated by calculating the difference between two moving averages. Because a moving average smoothes price activity, usage of the moving average oscillator intensifies the smoothing affect.

MovingAvgOsc = MA1 - MA2

The default settings use an 8 day moving average for MA1 and a 14 day moving average for MA2.