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Detrended Price Oscillator
MetaStock Indicator
The Detrended Price Oscillator (DPO) is an indicator that
attempts to eliminate the trend in prices. Detrended prices allow
you to more easily identify cycles and overbought/oversold levels.
Here is the MetaStock custom formula for the DPO:
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| Close-Ref( Mov(Close, X,
Simple ), T) |
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***where X is the number of Time Periods for the Oscillator and
T = X / 2 + 1.
For example, a 20 period DPO would be:
X = 20
T = (20/2 + 1) = 11
Close-Ref( Mov(Close, 20, Simple),11)
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