An oscillating signal of relatively precise frequency is generated by tuning an oscillator using an external stable oscillating source as a reference. Calibration logic is included to compare a signal from the local oscillator to the reference signal and vary the local signal to a desired frequency. In one embodiment, a binary search algorithm is used to tune the local oscillator. The local oscillating signal can be sent to one or more circuits including at least one sensor of a touch sensitive panel for detecting touch events.