Rank: Advanced Member
Groups: Registered, Registered Users, Unverified Users
Joined: 4/27/2005(UTC)
Posts: 132
Location: Manchester, NH
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Patrick wrote: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)
The formula for the detrended price oscillator in the formula section subtracts the moving average of the close, some time period in the future, from the current close. Should the formula subtract the moving average, some previous time period ago, from the current close?
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