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br> What parameters do you use with the Ultimate ROC?
Dear Bill,
the only parameter in this very-simple indicator is the
'number of periods' (days) of the moving average.
By default it's 12.
So the formula can be more simple yet:
(CLOSE / (Mov(CLOSE,12,E) )) -1 ;
The "-1" is just cosmetic :)
"Andrew Tomlinson" <andrew_tomlinson@xxxxxxxxxxx> wrote:
> Like any other oscillator, though, it can show overbought or
> oversold conditions that are surprisingly persistent, so you should
> always wait for price confirmation.
Andrew: this indicator do not show overbough or persistent oversold
conditions. It's very diferent to RSI or Stochastic oscilators.
Thank U very much for your comments :)
Pablo
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