Documentation / @finchart/indicators / ultimateOscillator
Function: ultimateOscillator()
ultimateOscillator(
source,options?):UltimateOscillator
Defined in: indicators/src/factories.ts:1265
Ultimate Oscillator — buying pressure over true range, averaged over three windows and weighted 4/2/1 toward the shortest. Buying pressure is close − min(low, previous close), true range max(high, previous close) − min(low, previous close); the first bar has no previous close and is null (the Wilder habit of seeding the first true range with high − low is not this indicator's). A window whose true range sums to 0 is null.
Parameters
source
Source<OHLC>
options?
UltimateOscillatorOptions = {}