Ultimate Oscillator

The Ultimate Oscillator combines the action of prices in 3 different types of periods, and aims to define with greater force the possibility of trend reversal. The calculation with which it was defined is based on the current LOW and the closure of the previous day. From here a pressure quotient is developed which is intersected with the daily True Range. Then the pressure quotients of the 3 timeframes, the True Range of the 3 timeframes are summed up and finally the index comes out. The time periods used are representative of short, medium and long range phases, for a deeper calculation and estimate of a simple oscillator. Usually the pins are 7-14-28 periods. Another peculiarity is inherent in the overlap of the pins: all 3 periods are included in the calculation, so the 28-time time frame also includes the 14 and the 7 time frames.