Dope DPO

13 thg 11, 2023

The "Dope DPO" (DDPO) indicator is a technical analysis tool designed for traders to identify trends and potential trend changes in the market. It's based on the concept of the Detrended Price Oscillator (DPO), but with several enhancements for greater versatility and user customization.

Key Features of the Dope DPO Indicator:

Averaging Multiple Periods: The indicator averages the DPO calculations over ten different time periods. This averaging helps in smoothing out the volatility and providing a more comprehensive view of the market trend.

Customizable Smoothing: Users can choose the length of the smoothing as well as the type of moving average (SMA, EMA, WMA, or RMA) for smoothing. This allows for flexibility in how the indicator responds to price changes.

Trend Change Detection: The indicator includes a feature to detect changes in the market trend. It does this by comparing the current value of the smoothed DPO to its value a specified number of bars back. This helps in identifying potential reversals or shifts in momentum.

Dynamic Color Coding: The indicator uses color coding (green and red) to visually represent the trend direction. If the smoothed DPO is trending upwards compared to a previous value, the color will be green, indicating bullish momentum. Conversely, a red color signifies bearish momentum.

Horizontal Reference Lines: It includes horizontal lines at specific levels (overbought, zero, and oversold) to provide reference points for interpreting the indicator's values.

Usage:

Traders can use the Dope DPO to gauge the overall market trend and to look for potential entry and exit points based on trend changes.

The color-coded histogram makes it easy to spot when the trend might be reversing, which can be particularly useful in conjunction with other technical analysis tools.

The flexibility in choosing the smoothing method and length allows traders to tailor the indicator to different trading styles and timeframes.

16 thg 11, 2023

Phát hành các Ghi chú

- Requested update:
- Added divergence lines
- Unrequested changes:
- Change to default settings
- Removed 0 line for better clarity
- Added toggle for smoothing

17 thg 11, 2023

Phát hành các Ghi chú

- Added a shorter version along with the existing (now the longer) version of a DPO averaged ribbon.
- Both share the smoothing toggle and smoothing factor
- Each has independent length adjustments
- The line is the longer one, the histogram (columns technically) is the shorter one
- Short version starts at 5 and moves up 10 increments of 5 (then averaged and smoothed)
- Long version starts at 10 and moves up 10 increments of 10

26 thg 5

Phát hành các Ghi chú

UPDATE:
We’ve added full control over background signal fills to separate low-confidence flips from high-confidence confirmations:

🟢 Low-Confidence (Flip) Fills
 Trigger when histogram flips but the line hasn't confirmed yet — early signal, lower conviction, dimmer background.

🔴 High-Confidence (Sync) Fills
 Trigger when both histogram and line agree — full confirmation, brighter background.

🔧 Controls Added:
Toggle to enable/disable all fills

Toggle to show fills in subpane, main chart (overlay), or both

Separate toggles for low- and high-confidence fills

Adjustable transparency for each confidence level

Now you can filter noise, highlight only what matters, and keep your chart cleaner than a nun at confession.