[RS]Detrended Price Oscilator System A

DPO with modified formula for percentual values for scale ability trend line and histogram, rest i leave to you to explore..

Notes de version

A Detrended Price Oscillator is a technical analysis indicator used to analyze the price of a financial instrument. It is a type of momentum indicator that shows the relationship between two moving averages of a security's price, with the aim of identifying potential overbought and oversold conditions. The indicator is calculated by subtracting the longer-term moving average from the shorter-term moving average, and then plotting the resulting difference as a line on a chart. The idea behind the indicator is that when the line is above zero, the security's price is relatively high compared to its moving averages, and may be considered overbought. Conversely, when the line is below zero, the security's price is relatively low compared to its moving averages, and may be considered oversold.

Script open-source

Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.

RicardoSantos

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Script open-source

RicardoSantos