September 7, 2021

5 4

David Varadi Oscillator (DVO)

The Varadi Oscillator (VDO) is a leading indicator first proposed by David Varadi and originally aim to reduce the influence of the trend component in oscillators. The DVO can be described as a rolling percent rank of detrended prices over a certain lookback period. The detrending process used for the calculation of the indicator is based on the simple moving average of the ratio between the closing price and median ( hl2 ) price.

Source: https://www.tradingview.com/script/m5lVzOkh-Varadi-Oscillator/

 

You can set two parameters:

MAPeriod = simple moving average of the ratio between the closing price and median ( hl2 ) price.

PercentRankPeriod = rolling percent rank of detrended prices over a certain lookback period.

DVO is implemented for MT4/5, TS,MC

How to import this indicator: https://strategyquant.com/doc/programming-for-sq/import-export-custom-indicators-and-other-snippets/

4 Comments
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Oliver
Oliver
September 18, 2021 12:34 am

Great indicator! have you looked at timothy masters CMMA indicator?

Oliver
Oliver
Reply to  clonex
September 30, 2021 1:29 pm

http://www.timothymasters.info/indicators.html

you can download the source code from the website link above. I purchased his book so i have it in the book as well. its in c++ so not sure how to covert for java or mql4/5

Emmanuel
Emmanuel
September 21, 2021 7:56 pm

Excellent !!!!! Thank you