MetaTrader 5
Experts
Indicators
Scripts
Libraries
StorageJoin our fan page
- Views:
- 6623
- Rating:
- Published:
- 2019.01.02 14:30
-
You are missing trading opportunities:- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration Log inYou agree to website policy and terms of use
If you do not have an account, please register -
Need a robot or indicator based on this code? Order it on Freelance
Go to Freelance
The Ultimate Oscillator indicator is based on three momentum indicators of different periods: week, two weeks and three weeks.
It has five input parameters:
- First momentum period - first momentum calculation period
- Second momentum period - second momentum calculation period
- Third momentum period - third momentum calculation period
- Overbought - overbought level
- Oversold - oversold level
Calculation:
UltimateOsc = 100.0 * ((4.0*Avg1) + (2.0*Avg2) + Avg3) / (4+2+1)
where:
Avg1 = SumBP1 / SumTR1
Avg2 = SumBP2 / SumTR2
Avg3 = SumBP3 / SumTR3
SumBP1 - BP sum over the First momentum period
SumTR1 - TR sum over the First momentum period
SumBP2 - BP sum over the Second momentum period
SumTR2 - TR sum over the Second momentum period
SumBP3 - BP sum over the Third momentum period
SumTR3 - TR sum over the Third momentum period
BP = Close - Minimum(Low, PrevClose)
TR = Maximum(High, PrevClose) - Minimum(Low, PrevClose)
Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/23116
ROC_with_Signal_MA
The ROC indicator with signal Moving Average
OHLC_Volume_Histo
The OHLC Volume Histogram indicator