Detrended Synthetic Price (bars) – indicator for MetaTrader 4

Detrended Synthetic Price was originally 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 each and every symbol, time frame or any settings of the

Discontinued signal lines version seems to be a reasonable choice for the indicator to use instead of those fixed levels. This version is the bars version (colored bars drawn on the main chart) of the basic oscillator indicator, and here is how it looks compared to the oscillator )depending on the settings used for coloring options) :

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