Detrended Price Oscillator Metatrader 5 Indicator

Detrended Price Oscillator Metatrader 5 Indicator

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The indicator looks similar to MA since it filters the price direction (trend) in the same way.

Detrended Price Oscillator is calculated according to the formula:

DPO(i) = Close(i) – SMA(i, N)

where N — MA period.

The indicator uses the classes of SmoothAlgorithms.mqh library (copy it to MQL5Include). The use of the classes was thoroughly described in the article “Averaging Price Series for Intermediate Calculations Without Using Additional Buffers”.

This indicator was first implemented in MQL4 and published in Code Base at mql4.com on 01.09.2008.
 

MT5 Indicator – Download Instructions

Detrended Price Oscillator Metatrader 5 Indicator is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data.

Detrended Price Oscillator Metatrader 5 Indicator 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 Metatrader 5 Indicator.mq5?

  • Download Detrended Price Oscillator Metatrader 5 Indicator.mq5
  • Copy Detrended Price Oscillator Metatrader 5 Indicator.mq5 to your Metatrader Directory / experts / indicators /
  • Start or restart your Metatrader 5 Client
  • Select Chart and Timeframe where you want to test your indicator
  • Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
  • Right click on Detrended Price Oscillator Metatrader 5 Indicator.mq5
  • Attach to a chart
  • Modify settings or press ok
  • Indicator Detrended Price Oscillator Metatrader 5 Indicator.mq5 is available on your Chart

How to remove Detrended Price Oscillator Metatrader 5 Indicator.mq5 from your Metatrader 5 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

Click here below to download MT5 Indicator:
Detrended Price Oscillator Metatrader 5 Indicator

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