DiNapoli Detrended Oscillator (DOSC)

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.
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Versionshinweise:

• Added the possibility to customize the lookback period to better adapt to high/low volatilie markets.
  
• Set default OB/OS triggers at 80%
  

Versionshinweise:

Style fix

Versionshinweise:

• 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.
  

Versionshinweise:

• 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.
  
• Input Tab reorganization.
  

Versionshinweise:

Minor improvement at the internal mechanics