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Percentage Price Oscillator (PPO) - indicator for MetaTrader 4

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votes: 7
2008.05.03 10:28
2014.04.21 14:52
PPO.mq4 (2.68 KB)view

Author: Tom Balfe

Percentage Price Oscillator is calculated as the difference between the short and the long EMA, the obtained result being divided by the short EMA.

  • It displays more precise signals of divergences between prices and the value of the oscillator.
  • It emphasizes price extremums more precisely, it moves faster.

Follows formula: (FastEMA-SlowEMA)/SlowEMA

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