What is the Ultimate Oscillator?

What is the Ultimate Oscillator: A chart indicator/oscillator used in the technical analysis of financial markets. Its primary purpose is to track market momentum across multiple time frames.

Category: Technical analysis indicator

How is the Ultimate Oscillator Used: The Ultimate Oscillator is a momentum oscillator that measures momentum across multiple time frames for a stock, ETF, or other market/instrument. It is most often used to generate and/or confirm trade entry and exit signals, determine overbought/oversold conditions, and find price-oscillator divergences.

What Does the Ultimate Oscillator Consist of: The oscillator is presented as one line fluctuating and bounded between 0-100. Typically, values above 70 indicate overbought or overvalued conditions, which may signal an impending downside trend reversal or corrective pullback in price. Values below 30 indicate oversold or undervalued conditions, which may signal an impending upside trend reversal or corrective rebound in price. The indicator is usually placed either above or below the price chart.

What Does the Ultimate Oscillator Look Like:

Chart of the Ultimate Oscillator
Chart of the Ultimate Oscillator – Source: TheTechnicals.com and TradingView

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