FW_DPO_MOBO

Description

DPO (Detrended Price Oscillator) compares the closing price to the prior moving average, eliminating cycles longer than the moving average. The MOBO (Momentum Breakout) band settings are used to filter out the DPO noise to produce buy and sell signals for trend moves. This works for all time periods and tick charts.

Input Parameters

Parameter Description
price The price used to calculate the DPO and MOBO.
color norm length The number of bars used to calculate the color gradient for the DPO.
dpo length The number of bars used to calculate the DPO.
mobo displace The displacement for the MOBO bands.
mobo length The number of bars used to calculate the MOBO bands.
num dev dn The number of deviations below the SMA to plot the lower MOBO band.
num dev up The number of deviations above the SMA to plot the upper MOBO band.
colored mobo Defines whether or not to use colored (Red/Green) MOBO lines.
colored fill Defines whether or not to use colored (Red/Green) MOBO clouds.
break arrows Defines whether or not to show up and down break arrows.
mobo show mid Defines whether or not to show the middle line.

Plots

Plot Description
DPO The Detrended Price Oscillator.
MidlineP The middle line of the MOBO bands.
UpperBandP The upper MOBO band.
LowerBandP The lower MOBO band.
Zeroline Zero level.
BreakOutArrow The arrow marking the DPO breakout.
BreakDownArrow The arrow marking the DPO breakdown.

Example*

*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.

You may also like
MomentumPercentDiff
The Momentum Percent Diff is a momentum-based technical indicator. Unlike the regular Momentum ...
SlowRSI
The Slow Relative Strength Index is a version of the classic Relative Strength Index (RSI), ...
FourDayBreakoutLE
The Four-Day Breakout LE strategy is designed by Ken Calhoun. The strategy adds a buy to ...