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PPO
Summary: This is similar to the MACD, except it measures the percentage difference between two EMAs instead of the absolute distance.
PPO on the Charts
From Investopedia: The Percentage Price Oscillator (PPO) is a technical momentum indicator that shows the relationship between two moving averages in percentage terms. The moving averages are a 26-period and 12-period exponential moving average (EMA).
Key Takeaways:
- The PPO typically contains two lines: the PPO line, and the signal line. The signal line is an EMA of the PPO, so it moves slower than the PPO.
- When the PPO is above the zero line, it indicates an upware trend and vice versa.
Products & Properties
The following properties are available to access:
| Product Name | Product Variable | Properties |
|---|---|---|
| PPO | ppo | value, signal, hist |
The lengths of the indicator's moving averages can be changed by locating and opening the Javascript Code under Data Building Procedure -> Procedure Loop under "PPO" Procedure Loop.
Example:
This indicator can be used to enter a trade when the value rises above the signal:
chart.at02hs.ppo.value > chart.at02hs.ppo.signal Maintainer:
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