This indicator is a multi-timeframe Bill Williams AO (Accelerator Oscillator) with adjustable parameters.
It has five adjustable parameters:
AO Fast MA period - Awesome Oscillator's fast SMA calculation period
AO Slow MA period - Awesome Oscillator's slow SMA calculation period
AC MA period - SMA period to calculate accelerating/slowing
AC timeframe - timeframe, from which the AC data will be displayed on the current chart
Drawing mode - drawing mode
Steps - by steps
Slope - by sloping lines
Fig. 1. Data of Accelerator Oscillator from timeframe H4 on the H1 chart, Drawing mode = Steps
Fig. 2. Data of Accelerator Oscillator from timeframe H4 on the H1 chart, Drawing mode = Slope