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Pulse DPO with Z-Score

📌 Pulse DPO with Z-Score — Indicator Description (English)
The Pulse DPO (Detrended Price Oscillator) helps identify major market cycle tops and bottoms by removing long-term trends and focusing on shorter-term price cycles.
This enhanced version includes:
A normalized oscillator (0–100) based on recent price deviations.
A smoothed signal to reduce noise.
A Z-Score transformation, scaling the output to a range from –3 to +3, where:
–3 represents extreme oversold conditions (former normalized value = 100),
+3 represents extreme overbought conditions (former normalized value = 1).
🔍 How it works:
The indicator subtracts a delayed moving average from price to isolate short-term cycles (DPO logic).
It then normalizes the oscillator within a lookback window.
Finally, it converts this to a Z-Score scale for easier interpretation of extremes.
🟢 Suggested Usage:
Consider Long entries or Short exits when Z-Score reaches –2 to –3 (deep oversold).
Consider Short entries or Long exits when Z-Score reaches +2 to +3 (deep overbought).
Use in combination with other signals for higher-confidence setups.
The Pulse DPO (Detrended Price Oscillator) helps identify major market cycle tops and bottoms by removing long-term trends and focusing on shorter-term price cycles.
This enhanced version includes:
A normalized oscillator (0–100) based on recent price deviations.
A smoothed signal to reduce noise.
A Z-Score transformation, scaling the output to a range from –3 to +3, where:
–3 represents extreme oversold conditions (former normalized value = 100),
+3 represents extreme overbought conditions (former normalized value = 1).
🔍 How it works:
The indicator subtracts a delayed moving average from price to isolate short-term cycles (DPO logic).
It then normalizes the oscillator within a lookback window.
Finally, it converts this to a Z-Score scale for easier interpretation of extremes.
🟢 Suggested Usage:
Consider Long entries or Short exits when Z-Score reaches –2 to –3 (deep oversold).
Consider Short entries or Long exits when Z-Score reaches +2 to +3 (deep overbought).
Use in combination with other signals for higher-confidence setups.
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開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。