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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.
This indicator can be used to enter a trade when the value rises above the signal:
 chart.at02hs.ppo.value > chart.at02hs.ppo.signal