The Detrendeded Price Oscillator (DPO) indicator looks like a moving average because it filters the directivity (trend) in the price values in the same manner, it allows to determine the circularity easier. The indicator determines the circularity by drawing the moving avarage in the form of a straight horizontal line and then plaсing the price values along this line according to their ratio to the moving average.
The Detrended Price Oscillator is calculated by the following formula:
DPO(i) = Close(i) – SMA(i, N)
where N is the period of the moving average.
MT4 Indicator Download – Instructions
Detrended Price Oscillator is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Detrended Price Oscillator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install Detrended Price Oscillator.mq4?
- Download Detrended Price Oscillator.mq4
- Copy Detrended Price Oscillator.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on Detrended Price Oscillator.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Detrended Price Oscillator.mq4 is available on your Chart
How to remove Detrended Price Oscillator.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
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