Mastering the DZP Trend Indicator for MetaTrader 5

If you're looking to enhance your trading strategy, the DZP Trend indicator for MetaTrader 5 is a tool you won't want to overlook. This handy indicator acts as a detrended oscillator, stripping away the trend component from the price to give you a clearer view of market movements.

Let’s dive into the four key parameters you can tweak:

Period - This is the calculation period you’ll be using;
Shift - Adjust this to your preference;
Applied Price - Choose which price to apply;
Mode View - Decide how you want to visualize the data:
- Line
- Histogram

How It Works:

DZP = 100*(A-B)

Here’s what each component means:

A = (Price - Price(Shift)) / Price(Shift)
B = (MA - MA(Shift)) / MA(Shift)
Price - SMA(Applied price, 1)
Price(Shift) - SMA(Applied price, 1) Shift bars back
MA - EMA(Applied price, Period)
MA(Shift) - EMA(Applied price, Period) Shift bars back

One unique feature of this indicator is its ability to signal reversals. Often, the indicator line will change direction slightly before the price itself does. This gives you a heads-up to place a pending order in the direction you anticipate the market will move.

Fig. 1. Displayed as a line

Fig. 2. Displayed as a histogram

Mastering the DZP Trend Indicator for MetaTrader 5

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