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Published:

2008.05.03 10:28

Updated:

2014.04.21 14:52

PPO.mq4 (2.68 KB) view

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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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Percentage Price Oscillator (PPO) - indicator for MetaTrader 4