The Ultimate Oscillator

The Ultimate Oscillator
"The problem for most workers oscillator, and continue to be, that while often lead oscillators sometimes they lead too early and instead of buying at the bottom, you are buying daggers falling and getting sliced â â up. Even the best oscillators always buy and give early Sell â â signals. I think that my "Ultimate Oscillator" corrects this, "said the Larry Williams, April 85 edition of the technical analysis of stocks and commodities.
To create the Ultimate Oscillator as its formula in MetaStock, create the following custom formulas.
*** The first formula is the only formula that is plotted. In versions of MetaStock for Windows 5.0 and above include the Ultimate Oscillator as a built in indicator.
The final OSC
(((Fml ("Div_7") * 4) + (Fml ("Div_14") * 2) + Fml ("Div_28")) / 7) * 100
Truer: True Range
Max ((C - l), (C - Ref (L, -1)))
TotalA: Total Activity
Max (Max ((H - l), H - Ref (L, -1)), Max ((Ref (H, -1) - l), (Ref (H, -1) - Ref (L, -1 ))))
True_7: sum (7) of the True Range
Sum (Fml ("truer"), 7)
Total_7: sum (7) of the total activity
Sum (Fml ("TotalA"), 7)
Div_7: division at 7 days
Fml ("True_7") / Fml ("Total_7")
True_14: sum (14) than the actual range
Sum (Fml ("truer"), 14)
Total_14: sum (14) of the total activity
Sum (Fml ("TotalA"), 14)
Div_14: Separation of 14 days
Fml ("True_14") / Fml ("Total_14")
True_28: sum (28) than the actual range
Sum (Fml ("truer"), 28)
Total_28: sum (28) 0f total activity
Sum (Fml ("TotalA"), 28)
Div_28: Separation of 28 days
Fml ("True_28") / Fml ("Total_28")