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2008.02.16 08:49
Indicators

Ultimate Oscillator - indicator for MetaTrader 4

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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 Software Corp.
Original code: https://www.mql5.com/ru/code/7063

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