The Derivative Oscillator calculates a double-exponentially smoothed Relative Strength Index (RSI) and subtracts its Simple Moving Average (SMA) to form the main oscillator line. A secondary signal line is plotted using an SMA of the main oscillator values. Th
Indicator · Pine Script v6 · Own pane
Detrended Price Oscillator (DPO)
Calculates and plots the Detrended Price Oscillator in a separate pane to identify short-term price cycles.
GitHub stars99on the repository
Pine versionv6current
Lines of code37
Settings2inputs
LicenceApache-2.0
Last update4 weeks ago27 Sep 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
37 lines of Pine Script v6 from lib/oscillators/dpo/dpo.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.
// Licensed under the Apache License, Version 2.0
// © mihakralj
//@version=6
indicator("Detrended Price Oscillator (DPO)", "DPO", overlay=false)
//@function Calculates Detrended Price Oscillator (DPO) by removing trend component from price
//@param source Series to calculate DPO from
//@param period Period for SMA calculation and displacement
//@returns DPO value (current price - displaced SMA)
dpo(series float source, simple int period) =>
if period <= 0
runtime.error("Period must be greater than 0")
int displacement = math.floor(period / 2) + 1
float sum = 0.0
for i = 0 to period - 1
sum += nz(source[i], source)
float sma = sum / period
float currentPrice = source
float displacedSMA = sma[displacement]
float result = na
if not na(displacedSMA)
result := currentPrice - displacedSMA
result
// ---------- Main loop ----------
// Inputs
i_source = input.source(close, "Source")
i_period = input.int(20, "Period", minval=1)
// Calculation
dpo_value = dpo(i_source, i_period)
// Plot
plot(dpo_value, "DPO", color=color.yellow, linewidth=2)
hline(0, "Zero Line", color.gray, hline.style_dotted)
Overview
The indicator removes longer-term trends by subtracting a historical simple moving average, displaced back by half the period plus one bar, from the current price. It displays the resulting oscillator alongside a dotted zero line. User settings allow customization of the calculation source and lookback period.
- Detrended Price Oscillator calculation
- Displaced simple moving average baseline
- Zero line reference display
- Customizable price source and period
Details
Published by
mihakralj on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Oscillators & momentum, Moving averages
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Topics
algorithmic-tradingcsharpdotnetpinescriptpythonquantitative-financesimdta-libtechnical-analysistechnical-indicators
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Source | source | close | i_source |
| Period | int | 20 | i_period |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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