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This oscillator strips out price trends in an effort to estimate the length of price cycles from peak to peak, or trough to trough. Unlike other oscillators, such as the Stochastic or MACD, detrended price is not a momentum indicator. It highlights peaks and troughs in price, which are used to estimate entry and exit points in line with the historical cycle.
To apply a Detrended Price Oscillator Indicator
Once the study is defined, you can elect to uncheck/check to remove and add the study to your chart.