Ultimate Oscillator

Ultimate Oscillator

This is a ProBuilder code for the “Ultimate Oscillator” included in the standard PRT indicator repertory.

With this code, the Ultimate Oscillator can be used in backtests and automated trading systems.

The Ultimate Oscillator developed by Larry Williams is a smoothed RSI averaging one standard RSI and two other RSIs with doubled and fourfold period length.

The lower indicator in the chart displayed is the manually coded version, the indicator above is the standard version of the PRT platform. Both deliver identical results. In the standard version, the period length cannot be changed and is always fixed to 7.

 

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Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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