Percent Price Oscillator Extension - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

The Expanded Percent Price Oscillator (PPO) is a technical momentum indicator that shows the relationship between two moving averages. To calculate PPO, subtract the 26-day exponential moving average (EMA) from the 9-day EMA, then divide the difference by the 26-day EMA. The end result is a percentage that tells traders where the short-term average is relative to the long-term average.

PPO and Moving Average Convergence Divergence (MACD) are both momentum indicators that measure the difference between the 26-day and 9-day exponential moving averages. The main difference between these indicators is that MACD reports the simple difference between exponential moving averages, while PPO expresses this difference as a percentage. This allows traders to more easily compare stocks of different prices using the PPO indicator. For example, a PPO result of 10 means that the short-term average is 10% higher than the long-term average, regardless of the stock price.

The extended version introduces signal lines (EMA is also used for signal line calculations) so that the signals are a little faster than the normal version. Basic version .

Attachment download

📎 ppo_fextended6.mq5 (10.16 KB)

Source: MQL5 #19924