Ultimate Oscillator Stock Screener

The Ultimate Oscillator can assist traders in spotting trend changes by identifying differences between the oscillator and the price of the traded asset . . . It can also help in determining the best time to buy or sell by producing trading signals based on its analysis

4 minutes

This post focuses on customizable Ultimate Oscillator factory scans, which can be edited, modified, or rewritten and then scanned using ChartAlert’s native stock screener or technical analysis scanner, namely the Basic Scanner and Advanced Scanner.

Display Ultimate Oscillator Values

Tags: ultimate oscillator indicator, ultimate oscillator scanner, ultimate oscillator screener, ultimate oscillator stock screener, ultimate oscillator trading strategy

List symbols
Add Column ULTOSC(7,14,28) as UO
Apply to NSE

This scan computes and displays the Ultimate Oscillator values for all symbols listed on the NSE (National Stock Exchange).

OPTION 1

To extract the Ultimate Oscillator values for the previous 3 bars, you can use the following scan:

List symbols
Add Column ULTOSC(7,14,28)
Add Column ULTOSC(7,14,28) a bar ago as UO_1
Add Column ULTOSC(7,14,28) 2 bars ago as UO_2
Apply to NSE

Ultimate Oscillator (ULTOSC) in Overbought Zone

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List symbols where ULTOSC(7,14,28) has been above 70 for the last 3 bars
Add Column ULTOSC(7,14,28) as UO
Add Column ULTOSC(7,14,28) 1 bar ago as UO_1 
Add Column ULTOSC(7,14,28) 2 bars ago as UO_2
Apply to NSE

This scan is designed to identify NSE symbols with a consistent trend of the Ultimate Oscillator line remaining above 70 for the past 3 bars. Additionally, the scan report will include the Ultimate Oscillator line values for the last 3 bars.

OPTION 1

If you wish to specifically search for symbols where the ULTOSC is in the Overbought Zone, you can modify the original scan as follows:

List symbols where ULTOSC(7,14,28) > 70
Add Column ULTOSC(7,14,28) as UO
Add Column ULTOSC(7,14,28) 1 bar ago as UO_1
Add Column ULTOSC(7,14,28) 2 bars ago as UO_2
Apply to NSE

Ultimate Oscillator (ULTOSC) in Oversold Zone

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List symbols where ULTOSC(7,14,28) has been below 30 for the last 3 bars
Add Column ULTOSC(7,14,28) as UO
Add Column ULTOSC(7,14,28) 1 bar ago as UO_1
Add Column ULTOSC(7,14,28) 2 bars ago as UO_2
Apply to NSE

This scan is designed to identify NSE symbols that meet specific criteria related to the Ultimate Oscillator (ULTOSC) line. Specifically, it searches for symbols where the ULTOSC line has consistently stayed below 30 for the past 3 bars. Additionally, the scan report will display the values of the Ultimate Oscillator line for those 3 bars.

OPTION 1

If you wish to focus on finding symbols where the ULTOSC is situated in the Oversold Zone, you can make a modification to the original scan as follows:

List symbols where ULTOSC(7,14,28) < 30
Add Column ULTOSC(7,14,28) as UO
Add Column ULTOSC(7,14,28) 1 bar ago as UO_1
Add Column ULTOSC(7,14,28) 2 bars ago as UO_2
Apply to NSE

OPTION 2

To identify symbols in which the ULTOSC (Ultimate Oscillator) has recently entered the Oversold Zone within the past 2 bars, please modify the original scan as outlined below.

List symbols where ULTOSC(7,14,28) has crossed below 30 in the last 2 bars 
Add Column ULTOSC(7,14,28) as UO
Add Column ULTOSC(7,14,28) 1 bar ago as UO_1
Add Column ULTOSC(7,14,28) 2 bars ago as UO_2
Apply to NSE

Overbought with a Declining Ultimate Oscillator (ULTOSC)

Tags: ultimate oscillator overbought declining scanner, ultimate oscillator overbought decreasing scanner, ultimate oscillator overbought scanner

List symbols where ULTOSC(7,14,28) has crossed below 70 after remaining above for 3 bars
Add Column ULTOSC(7,14,28) as UO
Apply to NSE

This scan examines symbols to identify instances where the Ultimate Oscillator line has recently crossed below the 70 level. This drop occurs after the line has stayed above the 70 level for a period of 3 bars. The results of this scan include a detailed report that displays the Ultimate Oscillator line for each symbol.

Oversold with an Improving Ultimate Oscillator (ULTOSC)

Tags: ultimate oscillator oversold improving scanner, ultimate oscillator oversold increasing scanner, ultimate oscillator oversold scanner

List symbols where ULTOSC(7,14,28) has crossed above 30 after remaining below  for 3 bars
Add Column ULTOSC(7,14,28) as UO
Apply to NSE

This scan is designed to identify symbols where the Ultimate Oscillator line has recently crossed above the 30 level, following a period of having been below the 70 level for 3 consecutive bars. Additionally, the output scan report includes a display of the Ultimate Oscillator line.

For comprehensive insights into the Ultimate Oscillator, including its computation methodology, understanding the Ultimate Oscillator indicator, how to use the Ultimate Oscillator in trading, as well as an exploration of its advantages and limitations as an indicator, click here.

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