Compact mode
Ultimate Oscillator
Known for Multi-Timeframe Analysis
Table of content
General Information
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly used- StocksThe asset classes Ultimate Oscillator is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.
- ForexThe asset classes Ultimate Oscillator is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.
Made In 🌍
The country or origin of the trading indicator- United StatesUltimate Oscillator was developed in United States. Indicators developed in the USA, reflecting American trading principles
Characteristics
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorPopularity 🏆
Indicates how widely used and recognized the indicator is in the trading community- MediumThe popularity of Ultimate Oscillator among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Facts
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicator- Created by Larry Williams in 1976
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicator- It's like a three-course meal of technical analysis
Application
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.- DailyUltimate Oscillator is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
Technical Details
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Signal Generation 📊
Describes the methods by which the indicator produces trading signals- ThresholdsUltimate Oscillator generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
- DivergencesUltimate Oscillator generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicator- PeriodUltimate Oscillator offers customization options for Period. Enables customization of analysis timeframe Click to see all.
- Overbought/Oversold LevelsUltimate Oscillator offers customization options for Overbought/Oversold Levels. Allows customization of extreme market condition levels Click to see all.
Usage
For whom 👥
The target audience or user group for the trading indicatorPurpose 📈
The primary purpose or application of the trading indicator- Reducing False DivergencesUltimate Oscillator is primarily used for Reducing False Divergences.
Evaluation
Pros 👍
Advantages of using the trading indicator- Combines Short Medium And Long-Term IndicatorsIndicators analyzing short, medium, and long-term market trends simultaneously
- Reduces WhipsawsMinimizes false signals in volatile markets, improving trade accuracy
Cons 👎
Disadvantages or limitations of the trading indicator- Complex CalculationIndicators with straightforward calculations and easy-to-understand outputs for efficient analysis Click to see all.
- Requires Context For Interpretation
Performance Metrics
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesCustomization Score 🔧
A score representing the degree of customization available for the trading indicator- 7The customization score for Ultimate Oscillator is 7 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metrics
Alternatives to Ultimate Oscillator
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise
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is more reliable than Ultimate Oscillator
Chande Momentum Oscillator (CMO)
Known for Momentum Measurement
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is more reliable than Ultimate Oscillator
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Choppiness Index
Known for Identifying Trending Vs Choppy Markets
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is more reliable than Ultimate Oscillator
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Percentage Price Oscillator (PPO)
Known for Relative Strength Measurement
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is more customizable than Ultimate Oscillator
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is rated higher overall than Ultimate Oscillator
Elder-Ray Index
Known for Combining Trend And Momentum
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is more reliable than Ultimate Oscillator
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is more customizable than Ultimate Oscillator
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is rated higher overall than Ultimate Oscillator
Commodity Channel Index (CCI)
Known for Identifying Cyclical Trends
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is easier to use than Ultimate Oscillator
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is rated higher overall than Ultimate Oscillator
Money Flow Index (MFI)
Known for Volume And Price Movements
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is more reliable than Ultimate Oscillator
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is easier to use than Ultimate Oscillator
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is rated higher overall than Ultimate Oscillator
Moving Average Convergence Divergence (MACD)
Known for Trend Strength And Direction
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is more reliable than Ultimate Oscillator
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is easier to use than Ultimate Oscillator
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is rated higher overall than Ultimate Oscillator
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness
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is more reliable than Ultimate Oscillator
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is easier to use than Ultimate Oscillator
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is rated higher overall than Ultimate Oscillator