The Ultimate Oscillator: A Tool for Determining Overbought and Oversold Conditions
Posted in Uncategorized Email This Post
There are a lot of technical indicators that say the same things, but in different ways. Why is it important to master them all? Because sometimes one indicator will contradict another, and your odds of trading success are greatly increased when you have several indicators all saying the same thing.
However, some indicators are intended to trump all others. One, you can tell by its name: The Ultimate Oscillator.
In this week’s TradingTips.com episode, ou’ll learn what makes the Ultimate Oscillator a unique and valuable statistic to have in your trading arsenal.
In this episode, you’ll learn:
- The history of the Ultimate Oscillator (0:41)
- How the Ultimate Oscillator is calculated (1:18)
- How to read the Ultimate Oscillator (2:41)
- How to interpret the Ultimate Oscillator (3:22)
The video also contains an in-depth example of a real stock chart with an Ultimate Oscillator underlay.
The Ultimate Oscillator is another technical indicator that was invented by Larry Williams. You might recognize the name from previous TradingTips.com episodes — he is the inventor of Williams %R and father of Hollywood actress Michelle Williams. As a teenager, Michelle won a real-money futures trading tournament, not for teens, but for adults, by using the indicators developed by her dad. Now that should get your attention!
Happy Trading!
Manny Backus
CEO, Wealthpire Inc.
P.S. Next week we’ll look at the power of Moving Average Crossovers. See you next week!
Episode 56 – The Ultimate Oscillator: A Tool for Determining Overbought and Oversold Conditions
