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Ultimate oscillator offered by Larry Williams is a weighted average of values of three stochastic indicators defined on a short, medium and long periods.
The length of periods is usually in the correlation 1:2:4 (doubling) or 1:2:3 (multiplicity). Periods should be chosen according to characteristics of a certain market. Recommended values are: 7-14-28 or 7-14-21.
Never miss news-driven moves – use the News OCO Expert Advisor to place pending orders safely around economic releases. Find out more.
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