Percentage Price Oscillator
The Percentage Price Oscillator (PPO) plots the difference between two moving averages as a percentage. The user may change the input (close), method (SMA) and period lengths. This indicator’s definition is further expressed in the condensed code given in the calculation below.
How To Trade Using Percentage Price Oscillator
No trading signals are calculated for this indicator.
How To Access in MotiveWave
Go to the top menu, choose Study>General>Percentage Price Oscillator
or go to the top menu, choose Add Study, start typing in this study name until you see it appear in the list, click on the study name, click OK.
Important Disclaimer: The information provided on this page is strictly for informational purposes and is not to be construed as advice or solicitation to buy or sell any security. Please see our Risk Disclosure and Performance Disclaimer Statement.
//input = price, user defined, default is close
//method = moving average (ma), user defined, default is SMA
//period = user defined, default is 10
//period2 = user defined, default is 30
//index = current bar number
MA1 = ma(method, index, period, input); MA2 = ma(method, index, period2, input); Plot: PPO = 100 * (MA1 - MA2) / MA2;