Detrend Oscillator

Author: Optuma Team Last updated: Jul 23, 2020 03:04
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Overview

The Detrend Oscillator is an indicator that attempts to eliminate the long-term trends in prices. Leaving short-term trends, the indicator allows immediate overbought and oversold levels to be found more effectively.

The Detrend Oscillator is calculated by subtracting the simple moving average over an N day period and shifted N/2+1 days back from the price.

MASDOSC Large

To add the tool to your chart, select the tool from the Averages tool group, and left-click on the chart to add the tool. Optuma will then draw the tool in a window below the chart using the default settings.

Actions & Properties

Actions

Actions

Copy Data to Clipboard: Will copy the tool’s values to the clipboard which can then be inserted into a spreadsheet, for example, allowing for further analysis.

Add to Toolbar: Adds the selected tool to your custom toolbar.

Apply Settings to All: When multiple Detrend Oscillator tools have been applied to a chart, page or workbook, this action can be used to apply the settings of the one selected to other instances of the tool. This is a great time saver if an adjustment is made to the tool - such as line colour - as this allows all the other Detrend Oscillator tools in the chart, page or entire workbook to be updated instantly.

Copy Tool: Allows you to copy the selected tool, which can then be pasted onto a different chart window.

Move to Back: If the tool is displaying in front of other tools or indicators clicking this action will move the tool view to the background.

Move to Front: If the tool is displaying behind other tools or indicators on the chart, clicking this action will bring the tool to the forefront.

Restore Default Settings: Click this action if you have adjusted the default settings of the tool, and wish to return to the standard properties originally installed with Optuma.

Save Settings as Default: If you have adjusted any of the tool’s properties (colour, for example) you can save the adjustments as your new default setting. Each time you apply a new Detrend Oscillator to a chart, the tool will display using the new settings.

Delete: Deletes the tool from the chart.

Properties

Properties

Tool Name: Allows you to adjust the name of the tool, as it’s displayed in the Structure Panel.

Moving Average: The Detrend Oscillator uses a Simple Moving Average in its calculations. This property allows you to set the number of bars used to calculate that Moving Average. (For example, if 25 is used then the values for the last 25 bars are added and divided by 25).

Calc Style: By default, the Detrend Oscillator uses a Simple Moving Average in its calculations. This option allows you to change the type of calculation used by the Moving Average. The calculation options are Exponential, Simple, Weighted, Smoothed, or Modified.

Calc Using: The Detrend Oscillator uses a Simple Moving Average in its calculations. This option is used to determine which components of the data are used in calculating the Moving Average. You can choose from, Open Price, Closed Price, High Price, Low Price, HL (High + Low / 2), HLC (High + Low + Close / 3), OHLC (Open + High + Low + Close / 4), OC (Open + Close / 2).

Plot Style: Expands to display the following display options:

  • Plot Style: Adjusts the display style of the Upper Band of the Detrend Oscillator tool. There are 6 options available: Line, Dot, Histogram, Step, Shaded, Shaded Step.
  • Line Style: When Line is selected as the Plot Style, the Line Style property allows you to adjust the type of line displayed. There are 8 options available: Solid, Dots, Dash, Dash Dots, Long Dash, Long Dash Dot, Long Dash Dot Dot, Stippled.
  • Line Width: Allows you to adjust the width of the Upper Band of the Detrend Oscillator tool. Moving the slider bar to the right increases the thickness of the line.
  • Line Colour: Allows you to adjust the colour of the Upper Band of the Detrend Oscillator tool.

Centre Line Style: Expands to display the properties of the centre line, the following properties can be adjusted:

  • Line Style: The Line Style property allows you to adjust the type of line displayed. There are 8 options available: Solid, Dots, Dash, Dash Dots, Long Dash, Long Dash Dot, Long Dash Dot Dot, Stippled.
  • Line Width: Allows you to adjust the width of the centre line. Moving the slider bar to the right increases the thickness of the line.
  • Line Colour: Allows you to adjust the colour of the centre line.
  • Transparency: Use this slider bar to adjust the transparency of the centre line. Moving the slider to the left will increase the line transparency.
  • Visible: Un-tick this checkbox to hide the centre line.

Offset: Moves the tool forward or backwards in time. The offset is measured in bars, so a value of 2 will push the tool forward 2 bars and -2 will move the tool back 2 bars.

Tool Transparency: Use this slider bar to adjust the transparency of the tool. Moving the slider to the left will increase the transparency of the tool.

Visible: Un-tick this checkbox to hide the tool from the chart.

Show In Price Scale: When selected the current upper and lower band values will be displayed in the Price Scale.