Detrended Price Osc (Indicator)Analysis Techniques & Strategies
Detrended Price Osc (Indicator)
| Name | Expression | Default | Description |
| Price | Numeric | Close | Price used to calculate the Detrend Price Osc. |
| Length | Numeric | 14 | Number of bars used to calculate the Detrend Price Osc. |
| ColorNormLength | Numeric | 14 | Number of bars over which to normalize the indicator for gradient coloring. |
| UpColor | Numeric | Yellow | Color to use for indicator values that are relatively high over ColorNormLength bars. Set to -1 to disable gradient color plotting. |
| DnColor | Numeric | Magenta | Color to use for indicator values that are relatively low over ColorNormLength bars. Set to -1 to disable gradient color plotting. |
| GridForegroundColor | Numeric | Black | Color to use for numbers in RadarScreen cells when gradient coloring is enabled, that is, when both UpColor and DnColor are set to non-negative values. |
The Detrend Price Osc indicator is similar to a moving average, in that it filters out trends in prices to more easily identify cycles. The indicator is an attempt to define cycles in a trend by drawing a moving average as a horizontal straight line and placing prices along the line according to their relation to a moving average. It provides a means of identifying underlying cycles not apparent when the moving average is viewed within a price chart. Cycles of a longer duration than the Length (number of bars used to calculate the Detrend Price Osc) are effectively filtered or removed by the oscillator.
| Number | Name | Default Color | Description |
| Plot1 | DPO | Yellow/Magenta | Plots the Detrend Price Osc as a line. |
| Plot2 | ZeroLine | Dark Green | Plots a horizontal line at zero. |
When applied to a chart, this indicator contains two plots, displayed in a separate subgraph from the price data.
Set either UpColor and/or DnColor to -1 to disable gradient plot coloring. When disabled, Plot1 color is determined by settings in indicator properties dialog box. Plot2 (ZeroLine) color always comes from indicator properties dialog box.
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