OPEN-SOURCE SCRIPT
[RS]Detrended Percent Price Over Average on Range
Updated
Experimental:
Detrended Price oscillator from price against the average inside the range.
Detrended Price oscillator from price against the average inside the range.
Release Notes
-Added bounds in the calculation to avoid spikes int the data.-Bar color with levels(work in progress..)
-Renamed variables for better readable notation.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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