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2008.09.25 08:34
Indicators

Percentage Oscillator of Price - indicator for MetaTrader 4

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PPO.mq4 (3.13 KB)view

A percentage oscillator of the price allows to perform the comparing the time periods independently on the price.

Calculation:
PPO = ( EMA(CLOSE, 12) - EMA(CLOSE, 26) ) / EMA(CLOSE, 26)
SIGNAL = SMA(PPO, 9)

Signals:
1.Positive/Negative divergence
2.The intersection of the indicator with its signal line.
3.A condition of overbuying/overselling


Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/8371

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