Ultimate Oscillator

[camyug]

How does the Ultimate Oscillator work? What are its components?

[DuaneG]

Camyug,

You may want to take a look at the following post. This is the code used to construct the Ultimate Oscillator. You may also want to look at the following site for additional information regarding how to use this study. Hope this helps.

[camyug]

DuaneG

Many Thanks.

[whatever]

DuaneG

For some reason the forst link in your post does not work.

A page is loaded that states I don't have permission...

I would like to get the U Osc.

Thanks

[DuaneG]

Hmmm,

I pulled it up ok, but regardless, here is the code for the Ultimate Oscillator from that post.

function preMain(){
    setStudyTitle("Ultimate Oscillator");
    setCursorLabelName("UO");
    addBand(70,PS_SOLID,1,Color.red);
    addBand(50,PS_SOLID,1,Color.yellow);
    addBand(30,PS_SOLID,1,Color.green);
}

function main(Period_short,Period_med,Period_long){
    if(Period_short == null || Period_med == null || Period_long == null){
        Period_short = 7;
        Period_med = 14;
        Period_long = 28;
    }

    var vMaxPeriod = Math.max(Math.max(Period_short, Period_med), Period_long);

    /*TR (True Range is the higher of 
    1.) Today's High - Today's Low; 
    2.) Today's High - Yesterday's Close; 
    3.) Yesterday's Close - Today's Low.*/
    
    var TR, TL, BP

    var TH_TL = 0;
    var TH_YC = 0;
    var YC_TL = 0;

    var vLows = low(0, -(vMaxPeriod+1));
    var vCloses = close(0, -(vMaxPeriod+1));
    var vHighs = high(0, -(vMaxPeriod+1));
    
    var sumBP_short = 0;
    var sumBP_med = 0;
    var sumBP_long = 0;
    var sumTR_short = 0;
    var sumTR_med = 0;
    var sumTR_long = 0;
    
    for(i=0;i<vMaxPeriod;i++){
        TL = Math.min(vLows[i], vCloses[i+1]);
        BP = vCloses[i] - TL;
        
        TH_TL = vHighs[i] - vLows[i]; 
        TH_YC = vHighs[i] - vCloses[i+1]; 
        YC_TL = vCloses[i+1] - vLows[i]; 
        
        TR = Math.max(TH_TL,TH_YC);
        TR = Math.max(TR,YC_TL);
        
        if(i < Period_short) {
            sumBP_short +=BP;
            sumTR_short +=TR;
        }
        
        if(i < Period_med) {
            sumBP_med +=BP;
            sumTR_med +=TR;
        }
        
        if(i < Period_long) {
            sumBP_long +=BP;
            sumTR_long +=TR;
        }
        
        
    }
   
    var RUO = 4*(sumBP_short/sumTR_short) + 2*(sumBP_med/sumTR_med) + (sumBP_long/sumTR_long);
    
    return (RUO/(4+2+1))*100;
} 

[whatever]

Thank you that was fast.

[DuaneG]

We aim to please