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Momentum: Ultimate Oscillator (UO) #56

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cinar opened this issue Jan 26, 2022 · 0 comments
Open

Momentum: Ultimate Oscillator (UO) #56

cinar opened this issue Jan 26, 2022 · 0 comments
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enhancement New feature or request good first issue Good for newcomers

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@cinar
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cinar commented Jan 26, 2022

The Ultimate Oscillator is a technical indicator that was developed by Larry Williams in 1976 to measure the price momentum of an asset across multiple timeframes. By using the weighted average of three different timeframes the indicator has less volatility and fewer trade signals compared to other oscillators that rely on a single timeframe. Buy and sell signals are generated following divergences. The Ultimately Oscillator generates fewer divergence signals than other oscillators due to its multi-timeframe construction.

https://www.investopedia.com/terms/u/ultimateoscillator.asp
@cinar cinar added enhancement New feature or request good first issue Good for newcomers labels Jan 26, 2022
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