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Ultimate Oscillator Indicator

Developed by Larry Williams to address the problems experienced with most oscillators when used over different lengths of time.  The Ultimate Oscillator uses the weighted sums of three oscillators to represent short, intermediate and long term trends.

When the oscillator falls below 30, this is considered the oversold area and a reading of 70 or higher is considered the overbought area.

See Also

Ultimate Oscillator Developer Help