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Ultimate Oscillator - indicator for MetaTrader 4
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- 36412
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- Published:
- 2008.02.16 08:49
- Updated:
- 2016.03.08 11:26
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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
The indicator Williams' Accumulation/Distribution, W_A/D is the accumulated sum of positive "accumulative" price movements and negative "distributive" ones.
Volume Rate of Change - VROCThe indicator is equivalent of one of the oldest classical indicators, ROC. The prices are replaced with volumes in this present indicator.