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dpDPO v1

This is my take on the Detrended Price Oscillator. I've added an ADX component to it which can highlight the bar-outline when the ADX is increasing. It also produces vertical signal lines as the DPO crosses the zero-line. It works on all types of charts, but minute and tick work especially well. bars are colorized depending on being above or below the zero line. There are continuation signals when the DPO quickly dips below (or above) the zero line and then returns to its original side.

It is fully property-controlled, but I must state that the 'guts' of the indicator, the numeric DPO/ADX parameters (DPO especially) should be left alone as they are time-tested values that were determined by folks much smarter then myself.

The picture is of the 500 Tick NQ with my dpQGP and dpDPO applied to it. You'll notice that the bright outline very often appears after breaking out of a congestion area or bar formation. You'll be surprised with how many ways you can use this.

As you experiment with many of the properties, you'll be able to fine-tune it to your style. But be wary of changing the 'Parameters' and 'Combo-Signals' sections.
If you find the the two 'warning track' lines, above and below the histogram in my picture, are sitting on the zero line on your chart, adjust the 'LineOffset' property to a value that approximates the highs and lows of the histogram. For a 1min CL, it might be .2, but for a 5min ES it might be 100, so play with it.

You can alter the bar-body outline by changing the color of the 'StrongUp' and 'StrongDown' properties. I like yellow on a black background or magenta on a white.

The dpXRAY, (very slick if I say so myself) was packaged together with the dpDPO by accident! Use it as an overy lay of a volume panel or ADX panel. You'll 'see' what price is doing internally, hence the 'xray' name.

As always, comment or concerns are always welcome. You can get me directly at [email protected].
Good trading!
Dave P.

Category NinjaTrader 8 Indicators and More

Details: dpDPO v1
Category: NinjaTrader 8 Indicators and More

October 4th, 2024
Size: 18.91 KB
Downloaded: 432 times

Comments/ratings

ThinkDecoded October 4th, 2024 09:52 PM

This is on another level. Greetings, Gabriel.

Nat1974 October 5th, 2024 09:39 PM

I observed that this zipfile contains multiple indicators and one of the is dpXRAY. When I added this to my chart with ninzarenko, it almost matched with my TDFI indicator. It's a plus for me. However, I wanted to fully understand how dpXRAY is supposed to work? Thank you so much for this excellent contribution

sunshnpeg October 26th, 2024 05:10 PM

No Comment

molleti October 27th, 2024 06:18 AM

If Possible can you please share your templates. Thanks

GPGR81 November 21st, 2024 06:00 PM

Very nice...tussen takk...many thanks

GPGR81 November 21st, 2024 06:01 PM

Very nice...tussen takk...many thanks

GT Murphy December 10th, 2024 05:33 PM

No Comment

mphoenix December 18th, 2024 10:41 AM

Very great indicator!