The Detrended Synthetic Price was created by Bill Mars and this indicator is another undiscovered gem that I have found very useful. He obviously took inspiration from John Ehlers in the creation of this indicator and I would describe this indicator as a combination of a MACD and Ehlers work. This indicator is extremely smooth and gives very clear buy and sell signals. Let me know how this indicator works for you. I have included strong buy and sell signals in addition to normal ones so strong signals are darker in color and normal signals are lighter in color. Buy when the line turns green and sell when it turns red.
Let me know if there are any other indicators or scripts you would like to see me publish!
I've been looking for an indicator that normalizes price(SPY) so I can use it to run some correlations with vix and some other indexes. Does this do that or do you think I need the boundardies to be fixed between 2 values?
MasBart
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This one is very nice @cheatcountry, thanks. BTW could we have all buy signal (includes buy+strong buy)? also for all sell.
cheatcountry
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@MasBart, thanks! I'm not quite sure what you mean so feel free to send me a pm