The Ultimate Oscillator

The Ultimate Oscillator is a momentum oscillator designed to capture momentum across three different time frames.

Usage

ultimateOscillator(HLC, n = c(7, 14, 28), wts = c(4, 2, 1))

Arguments

HLC

Object that is coercible to xts or matrix and contains High-Low-Close prices.

n

A vector of the number of periods to use for each average calculation.

wts

The weights applied to each average.

Details

Created by Larry Williams in 1976.

References

The following site(s) were used to code/document this indicator:
https://school.stockcharts.com/doku.php?id=technical_indicators:ultimate_oscillator

Author

Ivan Popivanov

Examples

data(ttrc)
ult.osc <- ultimateOscillator(ttrc[,c("High","Low","Close")])