ULTOSC

Ultimate Oscillator

ULTOSC is combination of multiple oscillators.

INTERPRETATION:

Enter long position when:

• a bull divergence appeared: the prices have reached a lower minimum that has not been confirmed by a lower minimum of ULTOSC;
• ULTOSC fell below 30 when such bull divergence appeared;
• then ULTOSC rose above the maximum level reached in the time of bull divergence forming. This is the moment when you should buy.

Close long position if:

• ULTOSC rose above 50 and then fell below 45;
• ULTOSC rose above 70 (sometimes you'd better wait till it drops below 70);
• sell signals appeared.

Enter short position when:

• a bear divergence appeared: the prices have reached a higher maximum that hasn't been confirmed by a higher maximum of ULTOSC;
• ULTOSC grew above 50 when at a bear divergence;
• ULTOSC fell below the minimum level reached in the time of bear divergence forming. This is the moment when you should sell.

Close short position if:

• ULTOSC grew above 65;
• ULTOSC fell below 30 (sometimes you'd better wait till it rises above 30);
• buy signals appeared.