The Ultimate Oscillator indicator is based on three momentum indicators of different periods: week, two weeks and three weeks.
It has five input parameters:
- First momentum period – first momentum calculation period
- Second momentum period – second momentum calculation period
- Third momentum period – third momentum calculation period
- Overbought – overbought level
- Oversold – oversold level
Calculation:
UltimateOsc = 100.0 * ((4.0*Avg1) + (2.0*Avg2) + Avg3) / (4+2+1)
where:
Avg1 = SumBP1 / SumTR1
Avg2 = SumBP2 / SumTR2
Avg3 = SumBP3 / SumTR3
SumBP1 – BP sum over the First momentum period
SumTR1 – TR sum over the First momentum period
SumBP2 – BP sum over the Second momentum period
SumTR2 – TR sum over the Second momentum period
SumBP3 – BP sum over the Third momentum period
SumTR3 – TR sum over the Third momentum period
BP = Close – Minimum(Low, PrevClose)
TR = Maximum(High, PrevClose) – Minimum(Low, PrevClose)
MT5 Indicators – Download Instructions
Ultimate Oscillator MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of this technical indicator is to transform the accumulated history data.
Ultimate Oscillator MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly. Click here for MT5 Strategies
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How to install Ultimate Oscillator MT5 Indicator.mq5 to your MetaTrader 5 Chart?
- Download Ultimate Oscillator MT5 Indicator.mq5
- Copy Ultimate Oscillator MT5 Indicator.mq5 to your Metatrader 5 Directory / experts / indicators /
- Start or restart your Metatrader 5 Client
- Select Chart and Timeframe where you want to test your mt5 indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
- Right click on Ultimate Oscillator MT5 Indicator.mq5
- Attach to a chart
- Modify settings or press ok
- Indicator Ultimate Oscillator MT5 Indicator.mq4 is available on your Chart
How to remove Ultimate Oscillator MT5 Indicator.mq5 from your Metatrader 5 Chart?
- Select the Chart where is the Indicator running in your Metatrader 5 Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Ultimate Oscillator MT5 Indicator (Free Download)
Click here below to download:
La entrada Ultimate Oscillator MT5 Indicator se publicó primero en ForexMT4Indicators.com.