UNIVERSAL CHANNEL OSCILLATOR

v10.3
UNIVERSAL CHANNEL OSCILLATOR

The Universal indicator by John Ehlers plotted directly on the chart, for an immediate understanding of its state. It has been implemented with the moving average of the oscillator, the overbought and oversold areas, and the colors indicating the direction of the trend. Suitable for any chart and time frame.

Indicator interface

  • OVERBOUGHT = change the level of the Overbough line;
  • OVERSOLD = change the level of the Oversold line;
  • UNIAVG = enables or disables the moving average applied to the value of the Universal oscillator;
  • UNIAVGPERIOD = changes the period of the moving average applied to the Universal oscillator;
  • UNIVERSALPERIOD = changes the oscillator period;
  • UNIVERSALFILTER = change the indicator filter period;
  • TIGHTENCHANNEL = change the channel width;
  • ATRPERIOD = changes the calculation period of the ATR used for the formation of the channel, serves to optimize the channel size;
  • AVERAGEPERIOD = changes the value of the moving average used for the formation of the channel;
  • AVERAGEMETHOD = is used to select the type of moving media used for the formation of the channel.

How it can be used:

  1. As a trend indicator;
  2. For inversion strategies;
  3. As a channel, to identify the range of market movement;
  4. As an entry and exit signal, when the Universal value crosses the level 0, or crosses the overbought and oversold levels, or its moving average;
  5. Within automatic trading strategies, such as entry, exit or as a filter.

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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.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

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  1. HeikinAshi • 04/22/2019 #

    Hi ALE,
    Thank you for the UNIVERSAL CHANNEL OSCILLATOR.
    Do you have an overview of which colour zones need to be added?
    When I add the indicator to the price I have by default only the 0 level as a dashed line.
    Thank you very much.

    • ALE • 04/22/2019 #

      Hi I answered you, in this post, if you have other questions do not hesitate
      Thank you
      https://www.prorealcode.com/topic/universal-channel-oscillator/#post-97174

  2. Pasquale Fracicone • 04/22/2019 #

    What is the Uniavg variable equal to?

    • ALE • 04/22/2019 #

      UNIAVGPERIOD = changes the period of the moving average applied to the Universal oscillator;

  3. Pasquale Fracicone • 04/22/2019 #

    UniAvg

    • ALE • 04/22/2019 #

      UNIAVG = enables or disables the moving average applied to the value of the Universal oscillator;

  4. ludo6977 • 04/22/2019 #

    this incateur is genial, to leave by default. It gives excellent indications. I am a fan. Good job

  5. Santi • 316 days ago #

    Hola amigos. El indicador con la nueva versión de PRT funciona muy mal, no dibuja igual que con la antigua versión. ¿Alguien conoce una solución? Gracias

  6. Santi • 316 days ago #

    Salut, les amis. L’indicateur avec la nouvelle version de PRT 11 fonctionne très mal, ne fonctionne pas de la même façon avec l’ancienne version, est-ce que quelqu’un connaît une solution ? Je vous remercie

    • ALE • 260 days ago #

      As soon as the final version of ProRealtimeV11 is released, I will check for any changes to be made.

  7. oeil62 • 267 days ago #

    Bonjour quelles sont les valeurs des variables pour une utilisation journalière ? merci pour l’aide

  8. finplus • 45 days ago #

    Bonjour,
    cet indicateur a t il fait l’objet d’une évolution avec PRT 11 ? Par ailleurs, en 15 minutes, j’ai remarqué que le graphe de la journée précédente disparaît. Comment y remédier ? Merci.

  9. kj1988 • 28 days ago #

    Thank you for this nice indicator. I find it useful and a better replacement for the RSI

    • ALE • 28 days ago #

      Happy to know

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