MOMENTUM & OSCILLATORS
Ultimate oscillator
A 0-100 momentum meter that looks at three time horizons at once, so it is much harder to fool with a single sharp move than a one-window oscillator.
spec id: ultimate_oscillatorfast (default 7) · medium (default 14) · slow (default 28)
What does Ultimate oscillator measure?
A 0-100 momentum meter that looks at three time horizons at once, so it is much harder to fool with a single sharp move than a one-window oscillator.
How is Ultimate oscillator calculated?
For each candle, measure how much of its true range the buyers actually claimed. Total that over 7, 14 and 28 candles, then blend the three with weights of 4, 2 and 1 so the shortest view counts most.
Written by reading the engine’s real computation, not a textbook — where the two differ, the page describes what actually runs.
How do I use Ultimate oscillator in a bot?
In the builder, add an indicator of type ultimate_oscillator (parameters: fast, default 7; medium, default 14; slow, default 28). Its value becomes an operand you can compare in any entry or exit rule. The engine grades the whole rule honestly: real fills, no look-ahead, half the history held back.
Related indicators
- WaveTrendA very smooth overbought/oversold oscillator.
- Williams %RA 0 to −100 meter for where the close sits in the recent range.
- Accelerator oscillatorA speedometer for momentum.
- Awesome oscillatorA simple momentum gauge: is the recent market pushing harder than the wider market?
Or browse all 158 indicators in the full library.