PPO_Cloud - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

The calculation for a normal oscillator is based on the following formula:

PPO=(fast EMA-slow EMA)/slow EMA

The indicator uses SmoothAlgorithms.mqh library class (copy it to \MQL5\Include). The use of the class "Average price series for intermediate calculations without using additional buffers" is described in detail in the article.

The indicator was originally written in MQL4 and first published in the code base on March 8, 2008.

Figure 1. PPO_Cloud indicator

Attachment download

📎 SmoothAlgorithms.mqh (130.2 KB)

📎 PPO_Cloud.mq5 (8.33 KB)

Source: MQL5 #16060