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Forex Indicator MT5 Universal Oscillator

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The Universal Oscillator is a ready-to-use set of 15 standard, publicly available, and proprietary indicators, including 4 period-adaptive and 4 fractal-adaptive. It is indispensable for anyone who creates and optimizes automated strategies, as well as for manual traders who want to make the most of the capabilities of their indicators. The type and all parameters of the oscillator are set using the input parameters. For ease of use, all the components of the oscillators are normalized (if necessary) and placed in a relative scale from 0 to 100, which allows you to unify the use of Stochastic, RSI, DEM, CCi, RVI, Spearman and other oscillators.

The universal oscillator has the following features:

  • each oscillator from the set indicates the direction of movement: it tends to 0 in a bear market and to 100 in a bull market; 50 is a neutral (flat) value
  • 12 different price types are supported, including trend-tracking ones
  • the signal line is constructed independently and is the moving average of the main line calculated using one of the 7 available averaging methods
  • stable and optimized algorithms are applied, which allows you to speed up the calculations
  • recalculated inside the bar depending on the type of oscillator
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