I had a request from a client for a detrending oscillator and couldn't find one in our forum (though one may exist). I decided it's a good thing to add so I made this for anyone to use.
Detrending creates an oscillator by using the formula Current Price - Detrending Value. The detrending value is usually some moving average or linear regression output.
ColorUp : Color for the oscillator > 0
ColorDown : Color for the oscillator < 0 InputType : The type of detrending you would like to do. There are many options including LinReg or EMA, etc. Period : Period for the detrend. Smooth : Smoothing you would like to apply to the detrended series.
I just convert to NT8, idea from NinjaTrader_AdamP
|File Size||16.4 KB|
|# of Downloads||85|
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