Detrended Synthetic Price is a forex trading indicator. It is an oscillator based forex trading indicator. Because it is an oscillator based forex trading indicator it only gives information about momentu m of the market. To get a buy and sell trigger point you might need another indicator like moving average to get the best results. Detrended Synthetic Price is simple and it is a dynamic indicator. This indicator can be used to trade with any currency pairs and on any time frame. This forex trading indicator woks best in trending market and it is not advised to use in choppy market.
When you install Detrended Synthetic Price indicator in your trading platform, your chart should look like this:
- DSP oscillator
DSP oscillator consists of two oscillators; dotted grey oscillator and another signal generator oscillator. The trading decisions should be made on the basis of the crossovers of these two oscillators and the color of the oscillator. When the buy signal is generated the signal generator oscillator should be green and when the sell signal is generated the signal generator indicator should be orange.
Buying Conditions Using Detrended Synthetic Price.
- Market should be up trending.
- Market should be rising from the recent swing low.
- Signal generator oscillator of DSP oscillator indicator should be green.
- Place your long position as soon as above conditions are met.
- Place your stop loss just below the recent swing low.
- Take your profit when the green oscillator turns grey.
Selling Conditions Using Detrended Synthetic Price.
- Market should be down trending.
- Market should be falling from the recent swing high.
- Signal generator oscillator of DSP oscillator indicator should be orange.
- Place your short position as soon as above conditions are met.
- Place your stop loss just above the recent swing high.
- Take your profit when the orange oscillator turns grey.
Download Free Forex Detrended Synthetic Price Indicator
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