Ultimate Oscillator

This applies to: Managed Dashboards, Managed Reports

The Ultimate Oscillator function is based on the indicator developed by Larry Williams. It computes a weighted total of three oscillators, each of which is calculated using a different time period. Resulting values range from 0 to 100. Applications of Ultimate Oscillator include buy and sell signals, and providing indication of overbought or oversold conditions.

Syntax

ULTIMOSC (d0,d1,d2,s0,s1,s2,Alignment)

Input

The Ultimate Oscillator function requires the following input series:

• d0 - High data values - The first set of data values for which the Ultimate Oscillator is calculated, usually the daily high price of a stock.

• d1 - Low data values - The second set of data values for which the Ultimate Oscillator is calculated, usually the daily low price of a stock.

• d2 - Close data values - The third set of data values for which the Ultimate Oscillator is calculated, usually the daily close price of a stock.

Parameters

The Ultimate Oscillator function has the following parameter:

• s0 - Short Period - The short time period to use in the calculation. Default value is 7.

• s1 - Intermediate Period - The intermediate time period to use in the calculation. Default value is 14.

• s2 - Long Period - The long time period to use in the calculation. Default value is 28.

• Alignment (Optional) - Hierarchy placeholder to be used as the alignment axis.

Output

The Ultimate Oscillator function generates the following output:

• Ultimate Oscillator - The Ultimate Oscillator result set, with values ranging from Oto 100.