The ultimate oscillator is a theoretical concept in finance developed by Larry Williams as a way to account for the problems experienced in most oscillators when used over different lengths of time. The oscillator is a technical analysis indicator based on a notion of buying or selling "pressure" represented by where a day's closing price falls within the day's true range.
The ultimate oscillator is a theoretical concept in finance developed by Larry Williams as a way to account for the problems experienced in most oscillators when used over different lengths of time. The oscillator is a technical analysis indicator based on a notion of buying or selling "pressure" represented by where a day's closing price falls within the day's true range.
Source: Wikipedia "Ultimate oscillator" · CC BY-SA 4.0
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