Forex indicators, strategies and news - iForex Indicator

Smart way to use indicators

  • facebook
  • google
  • twitter
  • rss
  • Home
  • Forex Indicators
    • MT4 Indicators
    • MT5 Indicators
      • more mt5 indicators
  • Forex Strategies
  • Brokers
  • Articles
  • Forex eBooks
    • Forex Books for Beginners
    • Forex Books about Trading Psychology
    • Money Management Forex Books
    • Forex Strategy Books
    • Books about Forex Market in General
  • More
    • FMTI Announcements
    • Forex Indicators Guide
    • MetaTrader Help Centar
  • Forex Advertise
  • Premium Membership
Home » Percentage Price Oscillator MT4 Indicator

Percentage Price Oscillator MT4 Indicator

by Dave Posted in Forex Indicators, MT4 Indicators

What is Percentage Price Oscillator MT4 Indicator?

Derived from the MACD pointer with being percentage-based, The Percentage Price Oscillator (PPO) uses a PPO line that is plotted by the calculation of the percentage distinction between a fleeting EMA of the Close Price and another extended term EMA of the Close Price. Such calculation allows you to have a flag line by implementing EMA on the line and a histogram is presented to show the difference between the signal line and PPO line.

MACD needed an evolution because it is helpless to use MACD between different stocks as it is based on price. However, PPO is based on percentage, so it is legitimate to use it in looking at various stocks, neglecting the price levels.

When the fleeting normal is higher than the long haul number, the PPO line will possess a positive value, however, it will be negative when the condition is reversed. This leaves us with the conclusion that you can have more unique EMAs whenever you are going farther from the 0 value.

PPO is mainly used and well known for its ability to identify and monitor hybrids between the PPO plotted line and the original signal line beside putting an end goal to identify reversals and turns. The two powerful tools of the PPO is the 0 line to know whether the long haul number or the fleeting normal is higher and the hybrids of the PPO line.

Computation

PPO Line: (12 day EMA – 26 day EMA)/26 day EMA * 100 (Blue)

Flag Line: 9 day EMA of PPO Line (Red)

PPO Histogram: PPO Line – Signal Line (Orchid)

DOWNLOAD PERCENTAGE PRICE OSCILLATOR FOR METATRADER 4

RELATED INDICATOR: Trading With DPO – Detrended Price Oscillator

Filed Under: Forex Indicators, MT4 Indicators

← Previous MA BBands YXF – indicator for MetaTrader 4
Next Price Volume Trend PVT MT4 Indicator →

Members only!

You are not currently logged in.








» Register
» Lost your Password?

Categories

  • All Topics (206)
  • Articles (8)
  • Books (4)
    • Forex Strategy (3)
  • Expert Advisors (2)
  • Forex Indicators (215)
    • MT4 Indicators (203)
    • MT5 Indicators (13)
  • Forex Strategies (51)
    • Forex Strategy Guide (9)
    • Pullback Strategies (1)
  • Market News (7)
  • More (20)
    • FMTI Announcements (9)
    • Forex Brokers MetaTrader (1)
    • Forex Indicators Guide (8)
    • MetaTrader Help Centar (3)
  • Scalping (2)
fmti logo Share:
Tweet

Contact | Forex Advertise

Website

  • Home
  • Become Member
  • Forex Advertise
  • Contact us
  • About Us

Explore

  • Forex Brokers
  • Trading Strategies
  • Forex Indicators
  • Trading eBooks

Follow Us

  • Facebook Page
  • Google Plus Profile
  • FMTI Twitter Profile
  • RSS Feeds

Translation


by Transposh - translation plugin for wordpress