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Detrended Price Oscillator indicator for Metatrader
Indicator Parameters and Configuration of Detrended Price Oscillator of MT4
- MA_Period (normal value = 14): The period of the simple moving average displayed by the indicator in a separate window below the graph.
- BarsToCount (normal value = 400): It indicates how many bars or candles are used to calculate the indicator.
Detrended Price Oscillator Indicator (DPO) – Definition and Examples
What is the DPO indicator?
The Detrended Price Oscillator, also known by its acronym DPO, is an indicator used in technical analysis which is designed to provide information on the price of an asset taking into account market fluctuations in the short-term but no in broader movements in the medium and the long term. This indicator eliminates the effect of the market movement trend. This simplifies the process of determining cycles and overbought / oversold levels.
In other words, we can say that the DPO does not take into account the price trend and focuses on fluctuations in the trend. The Detrended Price Oscillator is calculated by subtracting from the current closing price the value of the simple moving average of n days or periods. n (the period for the moving average) is calculated by dividing the period chosen between two and adding one.
For example, the calculation of the DPO (20) in a daily chart is the following:
RoboForex increases deposit bonuses up to 50%
The company RoboForex, a broker specialized in Forex and precious metals (gold and silver spot) is offering a new bonus package for all customers, both new and regular. This package is a bonus of 10% to 50% for every deposit of funds made by its customers in any of its trading accounts (MT4 Accounts). These bonuses can be withdrawn without any restrictions … Read more
Trading System Pure
This trading system seems to be relatively profitable because it quickly stops the losing trades and let the winning trades run, ie the ideal of all profitable trading systems. As with any strategy is very important to have discipline and follow the rules to the letter, not “hunches” or anything similar. The first thing we will do is set the graphic settings as follows: 1 … Read more
Harmonic Pattern Crab
We continue with the harmonic patterns, which usually indicate potential reversal zones in the market price, although as always, ideally it is better to confirm their signals with other technical tools. Today we will see the Crab pattern. It could be said that within the harmonic patterns is one of the favorites among investors due to its effectiveness or reliability … Read more
Social trading platform CopyFX of RoboForex
The Forex broker RoboForex has joined the list of companies offering social trading solutions to its customers, specifically copy trading, through a new service called CopyFX, which allows follow and copy the transactions made by other traders who trade in the Forex market with this broker.
The CopyFX service offers the customers of RoboForex the possibility not only to simplify the negotiation process and reduce the risks, but also additional benefits for their experience and skills to predict the behavior of markets, in the case of the more experienced traders.
In CopyFX system, every customer can choose from the following variants:
Producer Price Index Indicator
General Definition The Producer Price Index-PPI indicator is a weighted index of average prices in the wholesale market, or in the manufacturing sector. This is a monthly figure, which always refers to the previous month in which the “Bureau of Labor Statistics” issued the report. This information is published between the second and third week. The PPI shows trends in … Read more
RoboForex broker offers an online trading platform
The Forex and CFD broker RoboForex now offers an online trading platform (web-based) called WebTrader, which is designed to trade with currency pairs (Forex) and precious metals through a simple and user-friendly interface. The biggest advantage of this application is that it can be accessed from anywhere with an Internet connection (via the website of RoboForex) and requires no download or install any additional software.
Webtrader gives the trader the ability to trade successfully and safely in the financial markets through any web browser and operating system. It also allows the trader to access their MT4 trading accounts with just a few clicks of the mouse. As indicated above, all that is required is Internet access.
RoboForex Affiliate Program
The Forex broker RoboForex has implemented a multi-level affiliate program (several levels of referrals) in order to promote its services and acquire new customers who open an account through affiliates. For these members, the program offers a range of advertising tools based entirely on the Internet. Thanks to these resources and the payment plans offered by RoboForex, this program is an … Read more