Sinan  Aydın

Writer:

Sinan Aydın
Rajesh  Sharma

Reviewer:

Rajesh Sharma
Modified:
1,236

Detrended Synthetic Price Indicator MetaTrader 4 - Free Download [TradingFinder]

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MetaTrader4

MetaTrader5
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Detrended Synthetic Price Indicator MetaTrader 4 - Free Download [TradingFinder]
Detrended Synthetic Price Indicator MetaTrader 4 - Free Download [TradingFinder] 0
Detrended Synthetic Price Indicator MetaTrader 4 - Free Download [TradingFinder] 1
Detrended Synthetic Price Indicator MetaTrader 4 - Free Download [TradingFinder] 2
Detrended Synthetic Price Indicator MetaTrader 4 - Free Download [TradingFinder] 3
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The Detrended Synthetic Price Indicator was developed by John Ehlers, with the goal of removing long-term trends from price charts to focus on short-term cycles. In other words, this trading tool detrends price data, making it possible to analyze reversals and overbought/oversold conditions over shorter timeframes.

Additionally, the output of the indicator is displayed as a colored histogram at the bottom of the chart.

Detrended Synthetic Price Indicator Table

The general specifications of the Detrended Synthetic Price Indicator are presented in the table below.

Indicator Categories:
Oscillators MT4 Indicators
Signal & Forecast MT4 Indicators
Trading Assist MT4 Indicators
Platforms:
MetaTrader 4 Indicators
Trading Skills:
Intermediate
Indicator Types:
Reversal MT4 Indicators
Timeframe:
Multi-Timeframe MT4 Indicators
Trading Style:
Intraday MT4 Indicators
Trading Instruments:
Stock Market MT4 Indicators
Cryptocurrency MT4 Indicators
Forex MT4 Indicators

Detrended Synthetic Price Indicator at a Glance

The Detrended Synthetic Price Oscillator (DSP) is a tool that removes long-term price trends from data and analyzes short-term market fluctuations. This tool usually applies filters such as the Hilbert Filter or Linear Regression to separate price trends and then displays only oscillatory changes as follows:

  • Displaying green lines is considered a signal of short-term bullish trends;
  • Displaying red lines indicates short-term bearish trend changes.

Note: This oscillator is specifically used to simulate market fluctuations without the impact of long-term trends.

Indicator in a Bullish Trend

The chart below shows the Euro vs British Pound (EUR/GBP) on the 15-minute timeframe.

The appearance of green lines in the DSP oscillator represents positive fluctuations or a bullish trend. When these green lines appear consecutively with an upward slope, it indicates the beginning of a bullish trend and creates a favorable zone for entering buy trades.

Bullish trend analysis in the Detrended Synthetic Price Oscillator
Buy entry signal in a bullish trend using the Detrended Synthetic Price Indicator

Indicator in a Bearish Trend

The chart below shows the Nasdaq 100 (NAS100) on the 4-hour timeframe. The appearance of red lines at the bottom of the chart indicates a short-term bearish trend. In this oscillator, red lines represent negative market changes and reflect price declines within a given period.

Bearish trend analysis in the Detrended Synthetic Price Indicator
View of a sell entry signal in the Detrended Synthetic Price Oscillator (Detrended Synthetic Price) on MetaTrader 4

Detrended Synthetic Price Settings

The image below shows the settings panel of the Detrended Synthetic Price Oscillator:

Detrended Synthetic Price Indicator Settings Image
Details of the settings panel of the Detrended Synthetic Price Oscillator
  • DSP period: Calculation period for the DSP parameter
  • DSP price: Calculation of the median DSP price
  • Signal period: Signal period calculation
  • Change color on: Color change based on settings

Conclusion

The Detrended Synthetic Price Oscillator (DSP) is a useful tool in technical analysis that removes the effects of long-term trends from price data. This tool focuses on short-term market fluctuations and provides more precise signals of real-time price changes.

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FAQs

Is the Detrended Synthetic Price Indicator suitable for predicting long-term trends?

 No; this trading tool is specifically designed for analyzing short-term fluctuations and is not suitable for predicting long-term trends.

Can the Detrended Synthetic Price Indicator be applied in any type of market?

Yes, this oscillator can be used across various markets, including stocks, forex, and cryptocurrencies.

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