PROTECTED SOURCE SCRIPT
Atualizado Detrended Price Oscillator
THIS IS THE INDICATOR VERSION
What is DPO?
A detrended price oscillator is an oscillator that strips out price trends in an effort to estimate the length of price cycles from peak to peak or trough to trough. Unlike other oscillators, such as the stochastic or moving average convergence divergence (MACD), the DPO is not a momentum indicator. It highlights peaks and troughs in price, which are used to estimate buy and sell points in line with the historical cycle.
(From Investopedia)
Indicator features:
Responds faster to trend changes than the original code.
Added alternative smoothing algorithms. Defaults to Ehler's Optimum Elliptic filter instead of the orginal SMA
IPOCS - can start printing out data at day 1 instead of waiting for 14 or 20 bars
Dynamic colors
Auto timeframe detection to adjust period/length
How to use:
Buy above zero
Sell below zero
Who is it for?
Long term investors - this is the perfect indicator for those who buy and hold
Timeframe usage:
Works best on the weekly and monthly chart. Again, this is an indicator for long term trades, not day trading
What is DPO?
A detrended price oscillator is an oscillator that strips out price trends in an effort to estimate the length of price cycles from peak to peak or trough to trough. Unlike other oscillators, such as the stochastic or moving average convergence divergence (MACD), the DPO is not a momentum indicator. It highlights peaks and troughs in price, which are used to estimate buy and sell points in line with the historical cycle.
(From Investopedia)
Indicator features:
Responds faster to trend changes than the original code.
Added alternative smoothing algorithms. Defaults to Ehler's Optimum Elliptic filter instead of the orginal SMA
IPOCS - can start printing out data at day 1 instead of waiting for 14 or 20 bars
Dynamic colors
Auto timeframe detection to adjust period/length
How to use:
Buy above zero
Sell below zero
Who is it for?
Long term investors - this is the perfect indicator for those who buy and hold
Timeframe usage:
Works best on the weekly and monthly chart. Again, this is an indicator for long term trades, not day trading
Notas de Lançamento
refactored some functions to be compatible with recent Pinescript versionScript protegido
Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.