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Reference Guide / Indicators / PPO - Percentage Price Oscillator

Reference Guide / Indicators / PPO - Percentage Price Oscillator


Name

Percentage Price Oscillator

Definition

Percentage Price Oscillator, or PPO, is a momentum oscillator that calculates the difference between two moving averages as the percentage of the larger average. It is calculated the same way MACD is, except the signal output is represented as the percentage of the larger average. This provides an output that is independent of the stock price, which allows creation of strategies that can be compared to absolute values.

Parameters

Parameter 1 
	Definition:    	First Averaging Period (days)
	Default Value: 	26
	Minimum Value: 	1
	Maximum Value: 	100
Parameter 2 
	Definition:    	Second Averaging Period (days)
	Default Value: 	12
	Minimum Value: 	1
	Maximum Value: 	100

Examples

PPO(26,12).CROSSUP(9)
	When 26 and 12 day Percentage Price Oscillator is crossed over upwards with a 9 day moving average 
	
PPO(26,12).CROSSDN(9)
	When 26 and 12 day Percentage Price Oscillator  is crossed over downwards with a 9 day moving average 
  	
PPO(24,11).GT(0)
	When 24 and 11 day Percentage Price Oscillator is greater than 0 (is positive) 

Sample Strategy

Percentage Price Oscillator - PPO Strategy