Percentage Price Oscillator

FREE

(Downloads - 186)

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Description

Its a quite popular indicator among technical traders, the way it works is it subtracts a faster EMA or exponential moving average from a slower one then it divides the result back to slower EMA value and for changing the value to 0-100 percentage it multiplies the result to 100.

Percentage Price Oscillator is a momentum indicator similar to MACD except it divides the difference between EMAs back to slower EMA to get a percentage value that you will be able to compare among different assets.

Features

  • Being able to change all EMAs periods
  • Separate EMA for the signal line
  • Two different color histogram outputs for up/down histogram bars

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Version 2.0.0.0

Release Date: Jun 09, 2018

Changed: Tweaked indicator code

Documentation

Current Version: 2.0.0.0

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