Ultitimate_Oscillator - Indicator for MetaTrader 4

The first modernized oscillator, developed by Larry Williams. Ultimate Oscillator uses three weighted oscillator values ​​for calculation with different calculation periods. It is worth knowing that all three periods are set separately.

Overbought and oversold levels are 70 and 30 respectively. At the same time, such levels are not decisive in making trading decisions. The oscillator author himself said that it is important to wait for the level 50 intersection before opening an order. Also, it recommended to use other technical analysis tools in addition.