OPEN-SOURCE SCRIPT
Normalized Detrended Price Oscillator
The Normalized Detrended Price Oscillator (NDPO) is a powerful tool for traders and analysts to understand price trends with greater clarity. This indicator is derived from the Detrended Price Oscillator (DPO) and offers a normalized perspective to help you assess price movements more effectively.
Key Features:
Length Control: Adjust the indicator's sensitivity to price fluctuations with the customizable length parameter.
Centered or Not: Choose between centered or non-centered calculations for the DPO, allowing you to align the indicator with your specific trading strategy.
Normalized Values: The NDPO normalizes the DPO values by dividing them by the Average True Range (ATR), providing a standardized view of price movements.
The NDPO helps traders identify potential reversals, divergences, and overbought/oversold conditions in the market. It's a valuable addition to your technical analysis toolkit, offering insights into price action that can lead to more informed trading decisions.
Disclaimer: This indicator is for educational and informational purposes only. It should be used in conjunction with other analysis techniques and not solely for making trading decisions.
Key Features:
Length Control: Adjust the indicator's sensitivity to price fluctuations with the customizable length parameter.
Centered or Not: Choose between centered or non-centered calculations for the DPO, allowing you to align the indicator with your specific trading strategy.
Normalized Values: The NDPO normalizes the DPO values by dividing them by the Average True Range (ATR), providing a standardized view of price movements.
The NDPO helps traders identify potential reversals, divergences, and overbought/oversold conditions in the market. It's a valuable addition to your technical analysis toolkit, offering insights into price action that can lead to more informed trading decisions.
Disclaimer: This indicator is for educational and informational purposes only. It should be used in conjunction with other analysis techniques and not solely for making trading decisions.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.