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.
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