One of the more reliable Awesome Oscillator trading strategies is known as “Twin Peaks.” It got this name because it looks for a double top or a double bottom in the oscillator. A double top above the zero line followed by a red zone is bearish, while a double bottom under the zero line followed by a green zone is bullish. This strategy can also be improved by using a trend line. In the bearish scenario a trendline is drawn downward from the tops and when the oscillator crosses back above this trendline a buy signal is triggered.