Ultimate Oscillator

UO

Momentum oscillator that averages buying pressure across 7-, 14-, and 28-period timeframes to reduce false signals from a single period.

Buying Pressure = Close − min(Low, Prev Close); True Range = max(High, Prev Close) − min(Low, Prev Close); Average_n = Σ(BP, n) / Σ(TR, n); UO = 100 × (4 × Avg7 + 2 × Avg14 + Avg28) / 7