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Indicators

DPO - MA modified - MT5 - indicator for MetaTrader 5

Mohamed Hassan Mohamed Hassan Alsherbiny
Views:
3095
Rating:
(4)
Published:
2024.07.12 14:42
Updated:
2024.08.10 01:09
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MA modified DPO facilitate controlling all parameters of MA (MA period , MA mode , MA applied price) to change required MA curve to horizontal line and can easily used as support or resistance level

Detrended Price Oscillator - MA modified


DPO modified Setup Menu


Calculation:

DPO = close - MA (mode, price, DPO_period)

Where :

  • DPO - DPO indicator value
  • close - close price of bar;
  • mode - applied method to calculate MA (SMA, EMA, SMMA, LWMA)
  • price - applied price to calculate MA
  • DPO_period - period applied to calculate MA.

MT4 version available at https://www.mql5.com/en/code/50863

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