DPO Oscillator Metatrader 4 indicator

The DPO oscillator trades between -0.0498 and 0.0495 readings. -0.0498 readings are considered to be oversold while 0.0495 readings are considered to be overbought.

Key Assumptions

Bullish: above 0.00
Bearish: below 0.00

Trading Signals

BUY: Wait for oversold indicator values in uptrending markets.
SELL: Wait for overbought indcator values in downtrend markets.

Use in conjunction with trend following indicators or trading patterns.

Download

Download the DPO Metatrader 4 indicator.

Configurable Indicator Options

x_prd, CountBars

EUR/USD Daily Chart Example

dpo-forex-indicator

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