stelaraX - Ultimate Oscillator

stelaraX – Ultimate Oscillator

stelaraX – Ultimate Oscillator is a momentum oscillator designed to capture price momentum across multiple time horizons. By combining short-, medium-, and long-term buying pressure into a single value, it reduces false signals often seen in single-period oscillators.

This indicator is part of the stelaraX ecosystem, focused on clean technical analysis and AI-supported chart evaluation
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Core logic

The Ultimate Oscillator evaluates buying pressure relative to true range across three different lookback periods and combines them using weighted averaging.

Key principles:

* buying pressure is derived from close relative to prior price extremes
* true range reflects overall market movement
* short-, medium-, and long-term averages capture multi-horizon momentum
* higher weight is assigned to shorter-term momentum
* values oscillate between 0 and 100
* extreme readings highlight overbought and oversold conditions

This multi-period approach helps smooth momentum signals while maintaining responsiveness.

Visualization

The script plots:

* the Ultimate Oscillator line in a separate indicator pane
* upper and lower threshold levels highlighting momentum extremes
* a midline for neutral momentum context
* a filled background zone emphasizing the active momentum range

This layout provides a clear and balanced view of momentum strength and extremes.

Use case

This indicator is intended for:

* identifying momentum direction and strength
* spotting overbought and oversold market conditions
* confirming trend continuation or exhaustion
* detecting momentum divergences versus price
* supporting swing trading and momentum-based strategies

It works effectively in both trending and ranging markets when combined with additional filters or AI-assisted chart analysis.

Disclaimer

This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.