Name: Ultimate Oscillator
Rating: 4 (5 reviews)
Author: MetaQuotes

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Views:: 36111
Rating:: (5)
Published:: 2008.02.16 08:49
Updated:: 2016.03.08 11:26

Ultimate_Oscillator.mq4 (3.07 KB) view

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Ultimate oscillator offered by Larry Williams is a weighted average of values of three stochastic indicators defined on a short, medium and long periods.

The length of periods is usually in the correlation 1:2:4 (doubling) or 1:2:3 (multiplicity). Periods should be chosen according to characteristics of a certain market. Recommended values are: 7-14-28 or 7-14-21.

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/7063

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