Detrended Price Oscillator Using VWMA

[logicgate]

Hi there my friends, another request here for MT4

Here is the formula:

Detrended Price Oscillator is calculated according to the following formula:

DPO(i) = Close(i) - SMA(i, N)

where N is the moving average period.

Only tweak needed is replacing the SMA by a VWMA (volume weighted moving average)

Cheers!

[Apprentice]

Your request is added to the development list under Id Number 4529

[Alexander.Gettinger]

Please try this indicator:

DPO_VWMA.mq4

(3.29 KiB) Downloaded 357 times

[logicgate]

Excellent, thanks mate!