Detrend Price Oscillator

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Detrend Price Oscillator

Postby Nikolay.Gekht » Tue Apr 20, 2010 4:24 pm

Detrended Price Oscillator eliminates the trend effect of price movement.

The formula is
DPO = PRICE - MVA(PRICE, (N / 2 + 1))
(if N = 12, DPO is the same as the DiNapoli Detrend Oscillator).

DPO.png


Download the indicator:
DPO.lua
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The indicator was revised and updated
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Re: Detrend Price Oscillator

Postby disilvapattahk » Wed Jan 14, 2015 11:17 pm

The positive value of the indicator forecasts higher prices. The negative value forecasts the lower prices. Chande also recommends to user 3-day smoothing line as a trigger. When the oscillator falls below or crosses above the trigger line it shows a change of the trend.
COoOoOL
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Re: Detrend Price Oscillator

Postby Apprentice » Tue Jul 18, 2017 7:43 am

The indicator was revised and updated.
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