Non-proprietary study of Joe Dinapoli used for overbought/oversold evaluation.

Uses of Detrended Oscillator indicator

• Profit taking.
• Filter for market entry technics.
• Stop placement.
• Part of volatility breakout pattern.
• Determining major trend changes.
• Part of Dinapoli Stretch pattern.

Inputs

• lnpPeriod: Perid of moving average
• Method: Calculation method

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If you want to know market Overbought