Detrended Composite Price (Bar) - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resources
Detrended composite prices were originally developed by John Ehlers. There are many ways to use it out there, but I find that the most common ones they use are (with fixed levels), which have very limited use (you have to adjust the level parameters for each symbol, timeframe, or whatever is set).
The stopped signal line version seems to be a reasonable choice for the indicator to use instead of those fixed levels. This version is a bar version of the basic oscillator (colored bars drawn on the main chart), here's how it looks compared to the oscillator: depends on the settings used for the coloring options):
Attachment download
📎 detrended_synthetic_price_dbarsf.mq4 (8.7 KB)
Source: MQL5 #17898
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