Detrended Synthetic Price was initially developed by John Ehlers. There are various ways of using it, but the one I found that they use mostly (with fixed levels) is very limited in its usage (you have to adjust the levels for every symbol, time frame, or any parameters settings).
All three of these indicators: the oscillator version, the bars on the chart version, and the histogram version, show the same signal.
DSP Indicator system can give you trading signals you can take as they are or add your additional chart analysis to filter the signals further, which is recommended. While traders of all experience levels can use this system, it can be beneficial to practice trading on an MT4 demo account until you become consistent and confident enough to go live.
Detrended Synthetic Price System can be used on any Forex currency pair and other assets such as stocks, commodities, cryptos, precious metals, oil, gas, etc. You can also use it on any time frame that suits you best, from the 1 minutes through to the 4-hour charts.
These indicators won’t be much of use on their own but as additional filters for your system or combined with other indicators they could be helpful.
Detrended Synthetic Price – DSP Indicators Download
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Warning! If you do not know how to set up this forex indicator, please read the MetaTrader Indicators Tutorial.
