Sets the type of Moving Average used for smoothing.
Moving Average type.
Sets the number of time periods (n) used to calculate the indicator.
New short period count.
New mid length period count.
New long period count.
Sets the type of the indicator's value label(s).
Value label type.
The Ultimate Oscillator (UO) captures momentum across three different time frames, which reduces the volatility and generates fewer trade signals. Therefore, UO is often used to identify buy and sell signals.
Smoothed Ultimate Oscillator differs from the regular UO by using smoothing with a moving average instead of summation during the calculations.