Description
Percentage Price Oscillator is a momentum indicator reflecting the percentage difference of the shorter exponential moving average to the longer exponential moving average.
Formula
ppoArray[] = (shortEMA-longEMA)/longEMA*100
Interpretation
Percentage Price Oscillator is similar to the Moving Average Convergence Divergence indicator reflecting the difference between shorter and longer EMAs. PPO calculates the difference as a percentage, MACD calculates the difference as a simple difference. inteliChart figure below shows both MACD and PPO.
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