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.

Flash review.

These two guys made similar moves.

kvak wrote: Fri Aug 01, 2025 8:47 am 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.

Gentlemen - great job! The indicator is significantly superior to the original indicator. I would like to ask you to make the following improvements, if possible, as this would be a step forward in market research beyond what Zotik has already created:

1) Add a variety of averages that Mrtools can use in similar indicators, as I remember there are dozens of them.

2) Kvak has already implemented the Combo indicator, which combines two indicators with a button in a single window. It would be cool to have the ability to have this indicator in 2 different settings, or even better, in 3 different settings for different timeframes in one window.

3) Check out AO Zotik Candles - I can't seem to display the button on the screen. I'm not sure why. I've attached screenshots.

Anyway - thanks a lot!!! Well done!

MDX wrote: Tue Aug 05, 2025 12:46 am Gentlemen - great job! The indicator is significantly superior to the original indicator. I would like to ask you to make the following improvements, if possible, as this would be a step forward in market research beyond what Zotik has already created:

1) Add a variety of averages that Mrtools can use in similar indicators, as I remember there are dozens of them.

2) Kvak has already implemented the Combo indicator, which combines two indicators with a button in a single window. It would be cool to have the ability to have this indicator in 2 different settings, or even better, in 3 different settings for different timeframes in one window.

3) Check out AO Zotik Candles - I can't seem to display the button on the screen. I'm not sure why. I've attached screenshots.

Anyway - thanks a lot!!! Well done!

Hello.
Sorry, I have not this averages from your picture.
Candles version is without button, I dont write that candle version of AO have button.

Here is updated two versions of AO Zotik, candles version now have button and added more averages to it.
Some averages not working well in this calculations, but test it...

kvak wrote: Wed Aug 06, 2025 7:55 am Hello.
Sorry, I have not this averages from your picture.
Candles version is without button, I dont write that candle version of AO have button.

Here is updated two versions of AO Zotik, candles version now have button and added more averages to it.
Some averages not working well in this calculations, but test it...

Hello, Kvak! Still, there is a need for AO Zotik mod 1.1 to add a button to the chart that hides the indicator in the indicator window like the Combo indicator that you did earlier (as I understand it, the colors are set to NONE and the indicator essentially becomes invisible, making room for other indicators). This will allow the AO to be used in the same window with other indicators. The modification itself is very successful, and this addition will also make it convenient to use, since AO will not overload the chart with an additional indicator window. Thanks in advance!

MDX wrote: Mon Aug 18, 2025 4:24 pm Hello, Kvak! Still, there is a need for AO Zotik mod 1.1 to add a button to the chart that hides the indicator in the indicator window like the Combo indicator that you did earlier (as I understand it, the colors are set to NONE and the indicator essentially becomes invisible, making room for other indicators). This will allow the AO to be used in the same window with other indicators. The modification itself is very successful, and this addition will also make it convenient to use, since AO will not overload the chart with an additional indicator window. Thanks in advance!

Hello, here is buttoned version of AO Zotik

kvak wrote: Sat Aug 23, 2025 5:10 am Hello, here is buttoned version of AO Zotik

Wow!!! Well done! Thanks a lot!

If you have time you can fix subwindow. Any numbers - button inside indicator window (screenshot). + There is a "conflict" between buttons if you decide to place 2nd or 3rd indicator with another TF or data. GPT 5 repairs some btn indicators for me by adding InstanceID/uid in all names and after that you can place any amount of btns on the screen. It*s not necessary to do it, current version also give all I need. It*s more for information about 1.2 version.

Great job!

MDX wrote: Sat Aug 23, 2025 11:08 pm Wow!!! Well done! Thanks a lot!

If you have time you can fix subwindow. Any numbers - button inside indicator window (screenshot). + There is a "conflict" between buttons if you decide to place 2nd or 3rd indicator with another TF or data. GPT 5 repairs some btn indicators for me by adding InstanceID/uid in all names and after that you can place any amount of btns on the screen. It*s not necessary to do it, current version also give all I need. It*s more for information about 1.2 version.

Great job!

You may place button in every subwindow, simply use btn text as a ID.

In my original post (indicator) I changed, that you may also place buttons in main window, you may download new version...

MACD with bands.
Subwindow and onchart candles version.

Hello Kvak,

Is it possible to add the button function to the macd( +bands) candles.ex4?

kvak wrote: Tue Aug 26, 2025 8:29 am MACD with bands.
Subwindow and onchart candles version.