Chandelier Stops, Awesome Oscillator, EMA Crossover Signal Strategy

Discover a trend-following Forex strategy using Chandelier Stops for direction, Awesome Oscillator for momentum, and EMA Crossover for entries.

Published · Updated · Methodology: Technical Indicators

Part of: Moving Average Crossover

  • Methodology: Technical Indicators
  • Content type: strategy
  • Markets: Forex

Indicators used

  • Chandelier Stops
  • Awesome Oscillator (AO)
  • EMA Crossover Signal

Source video

Decoded from: Awesome Chandelier Forex Trading Strategy by Forex MT4 Indicators — watch the original

Key timestamps:

  • 0:10 - Introduction to the strategy
  • 0:20 - Chandelier Stops explained
  • 0:30 - Awesome Oscillator explained
  • 0:40 - EMA Crossover Signal explained
  • 0:45 - Buy setup rules
  • 1:00 - Stop loss and take profit for buy setup
  • 1:05 - Exit conditions for buy setup
  • 1:10 - Sell setup rules
  • 1:20 - Stop loss and take profit for sell setup
  • 1:25 - Exit conditions for sell setup
  • 1:30 - Risk management tips

Strategy overview

A moving average crossover marks the point where a faster average passes through a slower one and is read as a shift in short-term direction. In this entry the crossover is not the strategy — it is the trigger inside a three-part indicator stack, sitting alongside Chandelier Stops and the Awesome Oscillator in a package published by Forex MT4 Indicators, a site whose business is distributing downloadable chart tools rather than teaching a trading philosophy.

The division of labor is what makes this version distinct. Chandelier Stops is an ATR-derived trailing level, so it carries both the directional bias and the exit; the Awesome Oscillator is a momentum histogram built from the distance between two moving averages of different lengths, which means it is itself a crossover rendered in a different form. The setup therefore stacks two crossovers running at different speeds — one drawn as arrows on price, one folded into a histogram — and asks them to agree while a volatility-based trail handles the trade once it is open. The video's own structure reinforces the packaged-kit reading: barely a minute long, one short segment introducing each indicator, then the buy setup, then a segment given over entirely to stop placement and target.

It is worth being clear about what a stack like this does and does not buy you. Three components all derived from price averages tend to move together by construction, so agreement between them is less independent than the word "confirmation" suggests, and every added filter trades signal count for lag. This entry is recorded at concept level — no rule set, currency pair or timeframe came with it — so the indicator combination and the source video are the starting point, and any version built from them needs testing on your own data before it tells you anything.

Topics

chandelier stops strategy · awesome oscillator strategy · ema crossover strategy · forex trading strategy · trend following strategy · technical indicators · momentum trading · tradingview strategy · pine script · swing trading

Frequently asked questions

What is a Chandelier Stop?

A Chandelier Stop is a volatility-based trailing level derived from Average True Range: it hangs an offset from a recent extreme in price, so the stop widens when volatility expands and tightens when it contracts. It is used both to read directional bias and to manage the exit of an open trade.

How is the Awesome Oscillator related to a moving average crossover?

The Awesome Oscillator is calculated as the difference between a short-term and a longer-term simple moving average, plotted as a histogram around a zero line. Because of that construction, its zero-line cross is a moving average crossover expressed in oscillator form rather than an independent measurement.

Why combine a crossover with a momentum indicator and a trailing stop?

Crossover signals fire often and are noisy in ranging conditions, so combining them typically means using one component as the trigger, another as a momentum agreement check, and a third to define the exit. The trade-off is fewer signals and more lag, and when all three derive from price averages they can confirm each other more readily than truly independent inputs would.

Does this page contain the full rules of the strategy?

No — this entry is catalogued at concept level, with the indicator combination and the source video recorded but no rule set, pair or timeframe. Strategy Decoder extracts structured rules from video sources where the material supports it; for entries like this one, the concept and the original video are the reference point, and any implementation should be backtested before it is traded.

About this strategy page

This trading strategy was decoded by Strategy Decoder's AI from a public YouTube trading video and turned into a structured, reviewable specification. In the interactive app this page shows the full entry and exit logic, risk management settings, the indicators involved with their parameters, AlgoWizard-compatible logic and a Pine Script export ready for TradingView backtesting — plus an automated backtest verdict when one has been computed for this strategy.

Strategy Decoder catalogs 2,229 decoded strategies. Each one is extracted with confidence scoring, cross-linked to the indicators it uses, and kept up to date as new videos are processed daily. Load this page with JavaScript enabled to use the interactive tools, or start from the strategy explorer to filter by methodology, market and timeframe.

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