DPO – MA modified

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)
• price – applied price to calculate MA
• DPO_period – period applied to calculate MA.

MT5 version available at https://www.mql5.com/en/code/50822