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Indicators

Percentage Price Oscillator (PPO) - indicator for MetaTrader 4

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40422
Rating:
(18)
Published:
2008.05.03 10:28
Updated:
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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