Ultimate Oscillator
The Ultimate Oscillator is the weighted sum of three oscillators of different time periods. The typical time periods are 7, 14 and 28. The values of the Ultimate Oscillator range from zero to 100. Values over 70 indicate overbought conditions, and values under 30 indicate oversold conditions. Also look for agreement/divergence with the price to confirm a trend or signal the end of a trend.
The Ultimate Oscillator was developed by Larry Williams and was introduced in his article in the April, 1985 issue of Technical Analysis of Stocks & Commodities magazine.
Formula:
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