The Detrended Price Oscillator (DPO) is a well-known market sentiment indicator, displaying values above (bullish) and below (bearish) the zero level. This version of the custom indicator colors the values after smoothing DPO with the FIR method, indicating confident market conditions as:
- Very bullish: Above zero, colored green.
- Weak bullish: Above zero, colored red.
- Very bearish: Below zero, colored red.
- Weak bearish: Below zero, colored green.
- Type: Free
- Language: C#
- Trading Platform: cTrader Automate
- Filename: mDPOgann.algo
- Rating: 5
- Installs: 211