[RS]Detrended Percent Price Over Average on Range — Indicator by RicardoSantos

oscillator trendanalysis breadthstudies experimental detrending

Experimental:
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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