Skip to main content

ULTOSC

Type: ultosc • Category: indicators

Description​

Ultimate Oscillator

Parameters​

NameTypeDescriptionRequiredDefault
dataExpstringdata with pricesno
highstringselect the column with highest pricesno
lowstringselect the column with lowest pricesno
closestringselect the column with closing pricesno
timeperiod1numberFirst time period for Ultimate Oscillatorno7
timeperiod2numberSecond time period for Ultimate Oscillatorno14
timeperiod3numberThird time period for Ultimate Oscillatorno28

Help​

ULTOSC: Ultimate Oscillator

Description​

The Ultimate Oscillator (ULTOSC) is a technical indicator used in financial analysis to gauge the momentum of an asset's price. It was developed by Larry Williams in 1976. This worker calculates the ULTOSC value based on three different time periods, providing insights into the buying and selling pressure of an asset.

What does this worker do?​

The ULTOSC worker takes in data with prices and calculates the Ultimate Oscillator value based on the specified time periods. It uses the following parameters:

  • dataExp: data with prices
  • high: select the column with highest prices
  • low: select the column with lowest prices
  • close: select the column with closing prices
  • timeperiod1: First time period for Ultimate Oscillator
  • timeperiod2: Second time period for Ultimate Oscillator
  • timeperiod3: Third time period for Ultimate Oscillator

How to interpret the results​

The ULTOSC value ranges from 0 to 100. A higher value indicates that the asset is experiencing buying pressure, while a lower value indicates selling pressure. Here are some general guidelines for interpreting the results:

  • Values above 70 indicate overbought conditions, which may lead to a price decline.
  • Values below 30 indicate oversold conditions, which may lead to a price increase.
  • Values between 30 and 70 indicate a neutral market.

Usage​

To use this worker, simply provide the required parameters and run the worker. The output will be the calculated ULTOSC value.

Example Usage​

To get started with the ULTOSC worker, follow these steps:

  1. Prepare your data with prices, including high, low, and close prices.
  2. Select the columns for high, low, and close prices.
  3. Specify the three time periods for the Ultimate Oscillator.
  4. Run the worker with the provided parameters.

Visualizing the ULTOSC Worker​

For a visual guide on how to use the ULTOSC worker, refer to the following GIFs:

Full GIF​

[![Full GIF](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_full.gif)

Short GIF​

[![Short GIF](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)](https://pub-6c7cc7f707d94ca98153d59a039b9a3d.r2.dev/indicator_short.gif)

Additional Information​

The Ultimate Oscillator is a momentum indicator that aims to capture the essence of three different time frames, providing a more comprehensive view of the market. By using this worker, traders and analysts can gain insights into the buying and selling pressure of an asset, helping them make more informed decisions.