Log-space Ultimate Oscillator — Indicator by fskrypt

This is the same script as the built-in Ultimate Oscillator except it is calculated in log-space, which may help with some very high-volatility charts (the differences will be usually be very small though).

Release Notes:

allow earlier (approximate) tracking, add overbought/oversold levels

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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