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MetaStock
Indicator - Detrended
Price Oscillator
rev. 01/06/97
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:
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Close-Ref(
Mov(Close, X, Simple ), T)
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***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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