MA modified DPO facilitate controlling all parameters of MA (MA period , MA mode , MA applied price) to change required MA curve to horizontal line and can easily used as support or resistance level
Calculation:
DPO = close – MA (mode, price, DPO_period)
Where :
DPO – DPO indicator value
close – close price of bar;
mode – applied method to calculate MA (SMA, EMA, SMMA, LWMA)
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