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Percentage Price Oscillator (PPO) - indicator for MetaTrader 4
- Views:
- 41089
- Rating:
- Published:
- 2008.05.03 10:28
- Updated:
- 2014.04.21 14:52
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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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