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Views:: 3671
Rating:: (9)
Published:: 2018.06.18 15:09

PDO.mq5 (8.42 KB) view

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PDO (Percent Difference Oscillator) oscillator shows the difference between moving average and the current Close price, expressing the difference in the percents of the moving average (above / below the MA).

It has three input parameters:

Period - MA calculation period;
Method - MA calculation method;
Applied price - MA calculation price.

Calculations:

PDO = 100*(Close - MA)/MA

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/20862

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PDO - indicator for MetaTrader 5