Tool
Ultimate Oscillator
market.ultimate_oscillator
Inputs
No typed inputs.
Outputs
A 0–100 momentum line that blends three timeframes. Above 70 is commonly read as overbought, below 30 as oversold; the multi-window blend makes those extremes less frequent than a single-period oscillator.
The Ultimate Oscillator is a momentum oscillator on a 0–100 scale that blends three lookback windows at once. Mixing short, medium, and long horizons makes it steadier and less prone to false extremes than a single-period oscillator.
How it works
It measures buying pressure relative to the true range over three windows (fast, medium, slow — default 7, 14, 28 bars), then combines them with more weight on the shortest window, and maps the result onto 0–100. Readings above 70 are often called overbought and below 30 oversold.
Configuration
The shortest of the three lookback windows, and the one weighted most heavily. Smaller makes the oscillator react faster to recent moves. 7 is the classic default.
The middle lookback window, balancing the fast and slow horizons. 14 is the classic default; keep it between the fast and slow values.
The longest lookback window, which anchors the oscillator and smooths out short-term noise. 28 is the classic default; larger makes it slower and steadier.
Connects to
Examples
- Filter: only take longs when the Ultimate Oscillator is below 30 and turning up.
- Use the 50 midline as a momentum-direction gate that flips less often than a single-period oscillator.
Common mistakes
- Setting the three periods out of order (slow not the largest), which distorts the blend.
- Still treating 70/30 as guaranteed reversals — a strong trend can hold an extreme even with the smoothing.