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 • 28 days ago #

    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 • 28 days ago #

      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 • 28 days ago #

    What is the Uniavg variable equal to?

    • ALE • 27 days ago #

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

  3. Pasquale Fracicone • 27 days ago #

    UniAvg

    • ALE • 26 days ago #

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

  4. ludo6977 • 13 days ago #

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

    • ALE • 10 days ago #

      🙂 thanks

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