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Percentage Price Oscillator for Amibroker (AFL)
Rating:
2 / 5 (Votes 3)
Tags:
oscillator, amibroker
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
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Indicator / Formula
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1 2 3 4 5 6 7 8 9 10 11 12 13 | _SECTION_BEGIN("PPO");//Further understanding of PPO indicator visit www.Stockchart.comPPOShort = 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!!