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Indicators

DPO - MA modified - indicator for MetaTrader 4

Mohamed Hassan Mohamed Hassan Alsherbiny
Views:
8051
Rating:
(4)
Published:
2024.07.15 05:39
Updated:
2024.10.17 15:55
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MA modified DPO facilitate controlling all parameters of MA (MA period , MA mode , MA applied price) to change required MA curve to horizontal line and can easily used as support or resistance level


Calculation:

DPO = close - MA (mode, price, DPO_period)

Where :

  • DPO - DPO indicator value
  • close - close price of bar;
  • mode - applied method to calculate MA (SMA, EMA, SMMA, LWMA)
  • price - applied price to calculate MA
  • DPO_period - period applied to calculate MA.


MT5 version available at https://www.mql5.com/en/code/50822

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