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.