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Ultimate Oscillator
Source: https://fxcodebase.com/code/viewtopic.php?f=38&t=64482
Forum: 38 · Topic 64482 · 1 post(s)
Ultimate Oscillator
Apprentice · Sat Feb 25, 2017 6:26 pm
Description:
The Ultimate Oscillator is a momentum oscillator designed to capture momentum across three different time frames. The multiple time frame objective seeks to avoid the pitfalls of other oscillators.
Calculation: BP = Close - Minimum(Low or Prior Close). TR = Maximum(High or Prior Close) - Minimum(Low or Prior Close)
Average7 = (7-period BP Sum) / (7-period TR Sum) Average14 = (14-period BP Sum) / (14-period TR Sum) Average28 = (28-period BP Sum) / (28-period TR Sum)
UO = 100 x [(4 x Average7)+(2 x Average14)+Average28]/(4+2+1)