Detrended Price Oscillator (DPO) - is a technical analysis indicator. The developer’s idea was that the indicator is built without taking into consideration trend movements in the chart, which allows identifying overbuying and overselling levels with higher accuracy. It is similar to the moving average, since it also filters out the trend in price values, which allows easier identification of cyclicity. The indicator identifies cyclicity, displaying the moving average in the form of a straight horizontal line and then placing price values along this line in accordance with their relation to the moving average.
How the indicator looks like in the chart:
The indicator has the following parameters:
Period - setting the indicator period value.
Source - setting of the indicator calculation parameters:
Panel - selection of the indicator location in the chart:
- New panel
Show value - showing the indicator value on the price scale.
Show zero values - showing zero values.
Scale - if this option is ON, the scale will be calculated automatically based on the minimum and maximum indicator values, so that the indicator would be accommodated in the chart.
Visual type - visual setting of the indicator display in the chart:
- Up arrow
- Down arrow
- Axis label
Line style - setting of the line display style:
- Dash - dot
- Dash - dot - dot
Width - setting of the indicator line width.
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