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.
Bullish: above 0.00
Bearish: below 0.00
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.
Configurable Indicator Options
EUR/USD Daily Chart Example