$59.00

The Universal Oscillator continues the series of technical indicators proposed by John Ehlers, based upon signal processing techniques. In his article, “Whiter is Brighter,” Dr. Ehlers discusses that market data is akin to “pink noise” (a scientific term that refers to a type of noise where the power spectral density is stronger at lower frequencies). Isolating the white spectrum (whose power spectral density is the same at all frequencies) is said to output data that can be transformed into a zero-lag oscillator.

 

Universal Oscillator settings

Alerts

  • When the signal crosses the zero line

Signals

Strong LongWhen the indicator is above the zero line and rising
Weak LongWhen the indicator is above the zero line and falling
Nonen/a
Weak ShortWhen the indicator is below the zero line and rising
Strong ShortWhen the indicator is below the zero line and falling

Settings

Band EdgeThis is basically the frequency. The smaller it is set, the less lag there is, but you may see lot of whipsaws.
Show backgroundShows a red or green background in the indicator panel when the zero line is crossed.
Number of bars color delayThe number of bars that aren’t colored when the indicators histogram changed color
Color barsEnable this to set the bar color equal to the histogram color and set the delay as desired