Multi-Period Ultimate Oscillator -> PROFABIGHI_CAPITAL

🌟 Overview

The Multi-Period Ultimate Oscillator → PROFABIGHI_CAPITAL combines multiple weighted sets of the Ultimate Oscillator across varied periods to create a composite momentum gauge, blending short-term reactivity with long-term trend stability for spotting divergences and extremes.

It enables traders to filter noise through customizable weighting and smoothing, delivering consensus-driven signals for reversals and momentum shifts.

👁️ Ultimate Oscillator Sets

– Enable UO Set 1: Toggle to activate a balanced set of short, medium, and long periods for general momentum analysis.
– Enable UO Set 2: Toggle to include a quicker set emphasizing very recent price action for responsive signals.
– Enable UO Set 3: Toggle to incorporate a slower set for confirming broader trends and cycles.
– Enable UO Set 4: Toggle to add a custom-tuned set for flexible timeframe alignment.

⚖️ Weights

– Weight UO1/UO2/UO3/UO4: Adjustable contributions from each set to the composite, allowing emphasis on faster or slower components.

👁️ Display Settings

– Smoothing Length: Period to apply EMA smoothing on the overall composite for reduced whipsaws.
– Show Individual UOs: Toggle to overlay separate oscillator lines for multi-period comparison.

📏 Levels

– Overbought Level: Threshold indicating potential selling pressure from excessive buying.
– Oversold Level: Threshold signaling potential buying opportunities from extreme weakness.
– Neutral Upper/Lower: Boundaries framing the consolidation range for directional transitions.

🎨 Colors

– Overbought/Oversold/Neutral Colors: Custom hues for zones, lines, and signals to highlight momentum states.

🔧 Ultimate Oscillator Function

The core computation weighs buying pressure against true range over short, medium, and long periods, producing a bounded oscillator that diverges from price for early reversal cues.

📈 Calculations

– Individual Oscillators: Computes each enabled set using price highs, lows, and closes for multi-period momentum.
– Weighted Composite: Blends sets by normalized weights to form a unified signal.
– Smoothing Layer: Applies EMA to the blend for trend clarity and noise reduction.

📡 Signals

– Crossover Triggers: Bullish on breaks above oversold; bearish below overbought for entry reversals.
– Midline Momentum: Positive crosses above 50 for upside acceleration; negative below for downside.
– Extreme Alerts: Deep oversold with rising momentum for strong buys; overbought with falling for sells.
– Consensus Checks: All sets above 50 for bullish alignment; below for bearish.
– Divergence Scans: Price lower lows with higher oscillator lows for bullish; opposite for bearish.
– Strength Measures: Absolute values gauge overall conviction across periods.

📉 Visualization

– Composite Line: Thick plot shifting colors by zone for instant momentum bias.
– Individual Overlays: Faint lines for active sets when enabled, showing period-specific divergences.
– Reference Lines: Dashed extremes, dotted neutrals, solid midline for threshold guidance.
– Zone Fills: Subtle shading in overbought/oversold areas for visual emphasis.
– Signal Markers: Tiny triangles at crossovers for buy/sell highlights.

📋 Information Table

– Top-Right Panel: Displays composite value and signal, individual set readings with directional tags, consensus status, and strength indicators in color-coded rows.

🔔 Alerts

– Crossover Notifications: For oversold buys or overbought sells.
– Midline Warnings: On 50-level momentum shifts.
– Extreme Flags: For deep reversals with velocity.
– Consensus Notices: When sets align above/below 50 or in extremes.
– Divergence Alerts: For bullish/bearish mismatches.

✅ Key Takeaways

– Multi-set blending delivers robust momentum without single-period lag.
– Weighting and toggles customize for scalping or swing styles.
– Consensus and divergences add confirmation layers for precision.
– Visual table and zones streamline multi-timeframe harmony.