Deviation Oscillator - a volatility oscillator which represents a difference between the price and the MA, normalized within the selected range.

There are four input parameters:

  • MA period - MA period;
  • Min/Max period - the range of values for normalization;
  • Method - calculation method;
  • Applied price - price used for calculations.

Calculations:

DO = nf * (PD - Min) - 100.0

where:

PD = Applied price - MA(Applied price, MA period, Method)
nf = 200.0 / (Max-Min)
  • Max, Min - the maximum and minimum PD values in the 'Min/Max period' range.