Awesome Oscillator Zotik for MT4 (Oscillator and Candlesticks version)

This technical indicator merges features from the Awesome Oscillator (AO), differences in Exponential Moving Averages (EMA), and a combination of EMA and Simple Moving Average (SMA) lines. The goal of this indicator is to offer a comprehensive perspective on trend momentum and changes.

AO Zotik mods
Colored and candle version with MTF, alerts and arrows.

PS: Mrtools has also created this indicator using the Zotik logic but with Floating Levels for MT5, here: Awesome Oscillator Floating Levels for MT5.