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