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Michael
I believe this will help.
The Ultimate Oscillator
Rev. 04/29/97
"The trouble for most oscillator workers was, and has continued to be,
that while frequently oscillators lead
sometimes they lead far too early and, instead of buying a bottom, you
are buying falling daggers and getting
sliced up. Even the best oscillators consistently give premature buy
and sell signals. I believe my "Ultimate
Oscillator" corrects this", stated by Larry Williams, in the Apr 85
issue of Technical Analysis of Stocks &
Commodities.
To create the Ultimate Oscillator as a custom formula, in MetaStock,
create the following custom formulas.
*** The first formula is the only formula that is plotted. In
MetaStock for Windows versions 5.0 and above include
the Ultimate Oscillator as a built in indicator.
Ultimate 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 : Summation (7) of True Range
Sum( Fml( "TrueR" ) ,7 )
Total_7 : Summation (7) of Total Activity
Sum( Fml( "TotalA" ) ,7 )
Div_7 : Division of 7 days
Fml( "True_7" ) / Fml( "Total_7" )
True_14 : Summation (14) of True Range
Sum( ( Fml( "TrueR" ) ,14 )
Total_14 : Summation (14) of Total Activity
Sum( Fml( "TotalA" ) ,14 )
Div_14 : Division of 14 days
Fml( "True_14" ) / Fml( "Total_14" )
True_28 : Summation (28) of True Range
Sum( Fml( "TrueR" ) ,28 )
Total_28 : Summation (28) 0f Total Activity
Sum( Fml( "TotalA" ) ,28 )
Div_28 : Division of 28 days
Fml( "True_28" ) / Fml( "Total_28" )
All the best
Trevor De Vries
Channel Sales Manager CPG
COMPAQ
Tel: +27-(0)-11-784-8128
Fax: +27-(0)-11-784-7849
Mobile: +27-(0)-82-442-4530
-----Original Message-----
From: Michael Mangiafico [SMTP:mmangia@xxxxxxxxxxxxx]
Sent: 07 January 1998 11:49
To: RealTraders Discussion Group
Subject: ultimate oscillator
I have put this message out once before, but received no response, so
I
am trying again. I am very interested in obtainting the formula for
Larry Williams Ultimate Oscialltor, which is a indicator found on
Metastock. I have searched everywhere, but cannot find anything at
all.
Any help would be greatly appreciated. I do not need clarification
on
how the indicator works, I use it in a proprietary indicator of my
own,
but I need the formual to tweek it a bit. Thanks again.
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