Indicators
disparityIndex
Disparity Index measures the relative position of an asset's price to its moving average, expressed as a percentage. It helps identify overbought and oversold conditions.
disparityIndex (tick)
Disparity Index measures the relative position of an asset's price to its moving average, expressed as a percentage. It helps identify overbought and oversold conditions.
Input parameters
| Prop | Type | Default | Description |
|---|---|---|---|
minutes* | number | 20 | The lookback period in minutes |
SQL example
TICK disparityIndex WITH minutes=20 > 5 THEN order SET size=100, price=51.00, transmit=truedpo
Detrended Price Oscillator (DPO) removes the trend from price to identify cycles and overbought/oversold conditions. It helps traders identify potential market cycles and turning points.
elderforceindex
Elder Force Index combines price movement and volume to measure the power behind price moves. It helps identify trend strength and potential reversals.