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Developed by Larry Williams and introduced in his article in the April, 1985 issue of Technical Analysis of Stocks and Commodities magazine, this indicator is the weighted sum of three oscillators of different time periods. The there time periods represent short, intermediate and long term market cycles. Typical periods are 7, 14 and 28. The values of the Ultimate Oscillator range from zero to 100. Values over 70 indicate overbought conditions, and values under 30 indicate oversold conditions.
double; Accessing this method via an index value [int barsAgo] returns the indicator value of the referenced bar.
You can view this indicator method source code by selecting the menu Tools > Edit NinjaScript > Indicator within the NinjaTrader Control Center window.