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DZP Trend Oscillator: Removing the EMA Trend from Price Changes

Article MQL5 code base
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Summary

The DZP Trend indicator aims to show price movement after accounting for the underlying trend. It compares the percentage change in the applied price over a chosen shift with the percentage change in an exponential moving average over the same shift. The difference is multiplied by 100 and displayed either as a line or a histogram.

The description identifies four inputs: calculation period, shift, applied price, and display mode. It provides the calculation definitions but no chart examples beyond identifying the two display styles, and no tests, trading rules, or performance evidence. The oscillator may help distinguish price movement from movement in its EMA baseline, but the document does not explain how to interpret values, select settings, or use the indicator to generate trades. Its usefulness as a standalone strategy is therefore not established.

Key ideas

  • The indicator subtracts the EMA’s percentage change from the applied price’s percentage change over a chosen shift.
  • The calculation period sets the EMA length, while the shift determines the comparison interval.
  • The output can be rendered as a line or histogram.
  • The document gives no trading signals, parameter guidance, or performance evidence.

Tags

Technical indicatorsTrend followingStatistics

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.