DETREND PRICE OSCILLATOR
Trading: SELL @ $1.695
Signal Strength: STRONG
Indicator can be used in isolation or in additional to another technical indicator to confirmation for trading entry. This indicator has the ability to highlight trends across numerous timeframes. This indicator has the ability to smooth historical results to illustrate trend initiation and status. Although this is a simple trend following indicator & can provide good results when coupled with the right indicator. Note, this indicator does not work well in ranging markets producing unwanted whipsaws and false signals.
Ozforex (ASX:OFX) currently has a confirmed downtrend. Price is currently below the displaced moving average for OFX Currently, the return on DPO20 is 1.8%.
The Detrended Price Oscillator (DPO) is an indicator designed to remove trend from price and make it easier to identify cycles. DPO does not extend to the last date because it is based on a displaced moving average. However alignment with the most recent is not an issue because DPO is not a momentum oscillator. Instead DPO is used to identify cycle’s highs/lows and estimate cycle length.
Calculation: Detrended Price Oscillator (DPO):
1) Price (X/2 + 1) periods ago minus X-period simple moving average.
Where X is the number of periods;
PROFILE: Ozforex (OFX.AX)
Stock Exchange: ASX
Ticker Codes: | OFX.AX | ASX:OFX |
OFX Group Limited provides online international payments and foreign exchange services for consumer and business clients in Australia, New Zealand, Europe, North America, and Asia. It offers its services under the brand names of OFX, UKForex, CanadianForex, USForex, NZForex, Tranzfers, and ClearFX. The company was formerly known as OzForex Group Limited and changed its name to OFX Group Limited in September 2016. OFX Group Limited was founded in 1998 and is headquartered in Sydney, Australia.
Detrended Price OscillatorDownload
|AUB Austbrokers Holdings||12.19||4.1||207,002||-0.04||BEARISH|
|BFC Beston Global Food||0.14||3.7||127,631||-0.01||BEARISH|
|SDA Speedcast International||3.05||3||1,391,832||-0.16||BEARISH|
|TLG Talga Gold||0.35||2.9||146,768||-0.05||BEARISH|
|GBT Gbst Holdings||1.42||2.5||1,607,388||-0.11||BEARISH|
|BGA Bega Cheese||5.23||2.5||506,402||-0.07||BEARISH|
|EHE Estia Health||2.19||2.3||605,902||-0.04||BEARISH|