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public static UltimateOsc Series(Bars bars)
public UltimateOsc(Bars bars, string description)

Parameter Description

bars The Bars object


Williams' Ultimate Oscillator uses weighted sums of three oscillators, each using a different time period (7, 14, and 28), which represent short, medium, and long term market trends. The Ultimate Oscillator moves within the range of 0 to 100.


Williams recommended method of interpreting the Ultimate Oscillator is to look for divergences between the indicator value and price. For example, a bullish divergence occurs when prices make a lower low, but the Ultimate Oscillator fails to make a lower low.


using System;
using System.Collections.Generic;
using System.Text;
using System.Drawing;
using WealthLab;
using WealthLab.Indicators;

namespace WealthLab.Strategies { public class MyStrategy : WealthScript { protected override void Execute() { // Look for bullish divergences between Ultimate Oscillator and Price double t1, t2; int t1bar = -1; bool UUp = false; bool PUp = false;

ChartPane UltOscPane = CreatePane( 40, true, true ); PlotSeries( UltOscPane, UltimateOsc.Series( Bars ), Color.Black, WealthLab.LineStyle.Solid, 2 );

PeakTroughMode ptmode = PeakTroughMode.Value;// ( #AsPoint ); DataSeries UTrough = Trough.Series( UltimateOsc.Series( Bars ), 10, ptmode ); PlotSeries( UltOscPane, UTrough, Color.Green, LineStyle.Dots, 5 ); DataSeries PTrough = Trough.Series( Close, 10, ptmode ); PlotSeries( PricePane, PTrough, Color.Green, LineStyle.Dots, 3 ); for(int bar = 100; bar < Bars.Count; bar++) { t1 = Trough.Value( bar, UltimateOsc.Series( Bars ), 10, ptmode ); if( t1 != -1 ) t1bar = bar; t2 = Trough.Value( t1bar, UltimateOsc.Series( Bars ), 10, ptmode ); UUp = ( t1 > t2 ); t1 = Trough.Value( bar, Close, 10, ptmode ); if( t1 != -1 ) t1bar = bar; t2 = Trough.Value( t1bar, Close, 10, ptmode ); PUp = ( t1 > t2 ); if( UUp & !PUp ) SetBarColor( bar, Color.Green ); } } } }

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