DiNapoli Detrended Oscillator (DOSC) is a custom indicator used for identifying OverBought (OB) and OverSold (OS) condition in markets.
This version of the indicator includes the following features:
Show/Hide the Oscillation Lines
Set Custom Oscillation Periods
Adapt OB/OS Factor Ratio to each Market
Show OB/OS Levels
Show Preceding OB/OS Cloud
Highlight OB/OS Condition in the Line
Show the Zero Line
Show Divergences (experimental)
For convenience it also includes Custom Alerts. Now it is possible to get alerts on:
OverBought Condition
Entering OverBought Condition
Exiting OverBought Condition
OverSold Condition
Entering OverSold Condition
Exiting OverSold Condition
Oscillator Cross
Bullish DOSC Strength
Bearish DOSC Strength
Possible Regular Divergence
Possible Regular Bullish Divergence
Possible Regular Bearish Divergence
This indicator is meant to be used by professional traders. If you would like to subscribe, please send me a private message.
Release Notes
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Added the possibility to customize the lookback period to better adapt to high/low volatilie markets.
Set default OB/OS triggers at 80%
Release Notes
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Style fix
Release Notes
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Improved method to calculate OB/OS states.
Detrended Parameters are now fully open for customization.
Overbought and Oversold trigger lines can be adjusted in percentage terms (i.e. 80%, 100% or 110%).
Ability to plot the Oscillator in multiple timeframes.
Divergences got improved.
Improved Volatility information along with the oscillator.
Simpler and more organized Input Tab.
Added informative tooltips to the main parameters.
Internal code updates.
Release Notes
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To avoid misreadings when plotting the indicator from a custom timeframe, the label automatically gets displayed informing about that fact. This feature can be deactivated by unchecking the field "Force Label on Custom Timeframe".
All colors are customizable through the Input Tab, including lines, labels and text colors.
How can I get access to this indicator?
Thank you.