Indicators: Detrended Price Oscillator MT4
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Detrended Price Oscillator MT4:
Detrended Price Oscillator (MetaTrader indicator) — a version of the price oscillator based on the difference between the current price and the simple moving average shifted by (Period / 2) + 1 bars. Unlike the stochastic oscillator, this indicator aims to show the short-term trend changes (price waves inside the long-term trend). The indicator is displayed in the separate window of the chart. You can use this Detrended Price Oscillator (DPO) indicator in both MT4 and MT5 versions of the platform.
Author: Tuan Nguyen Van