dp_osc
Function Name: dp_osc
Tags: Oscillator
Category: Trend
The Detrended Price Oscillator is similar to a moving average, in that it filters out trends in prices to more easily identify cycles. The indicator is an attempt to define cycles in a trend by drawing a moving average as a horizontal straight line and placing prices along the line according to their relation to a moving average. It provides a means of identifying underlying cycles not apparent when the moving average is viewed within a price chart. Cycles of a longer duration than the period (number of bars used to calculate the Detrended Price Oscillator) are effectively filtered or removed by the oscillator.
Link: http://en.wikipedia.org/wiki/Detrended_price_oscillator
period |
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Default Value: 10 | Minimum: 1 | Maximum: 9999 |
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Type: Numeric |
ShowLine |
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Default Value: 0 |
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Type: Boolean |
ShowHistogram |
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Default Value: -1 |
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Type: Boolean |