Category: Momentum · Complexity: ★★☆☆☆ (2/5)
Tags: momentum, live-overlay, price
Live chart overlay: UO
Formula
UO = 100 · (4·BP7/TR7 + 2·BP14/TR14 + BP28/TR28) / 7
How to read
Blends three timeframes of buying pressure. Designed to reduce false RSI-style divergences.
Limitations
More parameters to tune. Not a trend overlay.
Typical settings
7 / 14 / 28
Ultimate Oscillator is part of the ClearPath Encyclopedia of Indicators — 190 models explained with standard SVG illustrations, so you can study an indicator before you put it on a live chart.