APO

Absolute Price Oscillator

APO is much like MACD, a trend following momentum oscillator.

INTERPRETATION:

APO can be interpreted in variety of ways:

  • Upwards Trend: When APO is moving upwards, the price is in an upwards trend.
  • Downwards Trend: When APO is moving downwards, the price is in a downwards trend.
  • Upwards Momentum: When APO is positive and moving upwards, the price has upwards momentum and is likely to continue moving upwards.
  • Downwards Momentum: When APO is negative and moving downwards, the price has downwards momentum and is likely to continue moving downwards.
  • Positive Crossover: When APO crosses above zero, the price is likely to move upwards.
  • Negative Crossover: When APO crosses below zero, the price is likely to move downwards.
  • Positive Divergence: When price is moving downwards, but the APO is moving upwards, the price is likely to reverse direction and move upwards.
  • Negative Divergence: When price is moving upwards, but the APO is moving downwards, the price is likely to reverse direction and move downwards.

Related Indicator: MACD

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