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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:
Close-Ref( Mov(Close, X, Simple ), T)
***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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