Hello,
I've been checking out the AO indicator. So far, it does look like it can produce significant profits. I do have a question about it though. I was looking to use it on a 1hr-4hr chart. On the GBP/USD chart, it seems to produce a few false signals. Do you have any recommendations on avoiding these? So far, my guess is that with the few false bars, you'll have to take the small hit that they produce, and that money management will continue putting your profits above the red. BUT if i'm missing something, I would love to know what!
Thanks alot,
Brian
Edit:
Hard to see that image, heres a direct link to the full size:
http://img263.imageshack.us/img263/8726/aochartdt7.gif