Detrended Price Oscillator (MetaTrader indicator) | FREE Forex Trading Indicator
Detrended Price Oscillator (MetaTrader indicator) a price oscillator version 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 changes in the short-term trend (price waves inside the long-term trend). The indicator is displayed in a chart’s separate window. This Detrended Price Oscillator indicator is compatible with both the MT4 and MT5 platforms.
- MA_Period (default = 14) — the period of the simple moving average used in the indicator.
- BarsToCount (default = 400) — for how many bars to calculate the indicator.
- - - - - - - -
⭐The Best Cent Account To Test Your Forex Trading EA.⭐
- - - - - - - -
⭐Great Forex Broker With High Affiliate Commission For Your Forex Trading EA.⭐
Significant trend changes are signaled by the cross of the indicator and the zero level. But because the indicator is lagging, predicting such crosses can be a better tactic. I wouldn’t call this indicator great for direct trading purposes but it still can be used as the short-term trend confirmation.
You May Also Like ❤ :
The extreme spike indicator is a Metatrader indicator that detects market trend extreme high and extreme low spikes. It is...
Heiken Ashi Nave is a MetaTrader expert advisor that uses the platform’s standard indicator of the same name to implement...
PersistentAnti EA (Measures persistence of price movements; trades against it) | FREE Forex Trading EA
PersistentAnti is a Forex expert adviser that takes advantage of the concept of trend persistence. The Forex market charts are...
Ichimoku Chikou Cross EA (Uses Ichimoku Kinko Hyo for signals, ATR for position sizing) | FREE Forex Trading EA
Ichimoku Chikou Cross is a MetaTrader expert advisor based on standard Ichimoku Kinko Hyo indicator with default settings. Specifically, it...