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#1 Selling Amibroker Plugin featuring:
Percentage Price Oscillator for Amibroker (AFL)
Percentage Price Oscillator using two EMA’s and a signal line. The first parameter value is an n-period EMA that is subtracted from another n-period EMA (the second parameter). The third parameter overlays an EMA of the PPO for use as a signal line. The standard 12, 26, 9 is automatically entered by default
By kirubanandan – kirubanandanrk [at] gmail.com
Similar Indicators / Formulas
Indicator / Formula
_SECTION_BEGIN("PPO"); //Further understanding of PPO indicator visit www.Stockchart.com PPOShort = Param("PPO Short Period", 12, 1, 150, 1); PPOLong = Param("PPO Long Period", 26, 1, 150, 1); PPOsignal = Param("PPOsignal", 9, 1, 150, 1); PPO = (EMA(C, PPOShort ) - EMA(C, PPOLong ))/ EMA(C, PPOLong ); PPOS = (EMA(ppo, PPOsignal )); Val=ppo-PPOS ; Plot( PPO , "ppo", colorGreen, styleLine| styleThick ); Plot ( PPOS ,"PPO Signal", colorOrange, styleLine| styleThick ); dynamic_color = IIf( Val> 0, colorGreen, colorRed ); Plot( Val, "PPO Histogram", dynamic_color, styleHistogram | styleThick ); _SECTION_END();
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How does PPO differ from AmiBroker’s OscP()?
Why don’t you plot them together and see.
this is nothing but MACD!!