Percentage Oscillator of Price
Percentage Oscillator of Price A percentage oscillator of the price allows performing the comparing the time periods independently on the price. Calculation: PPO = ( EMA(CLOSE, 12) – EMA(CLOSE, 26) ) / EMA(CLOSE, 26) SIGNAL = SMA(PPO, 9) Signals: 1.Positive/Negative divergence 2.The intersection of the indicator with its signal line. 3.A condition of overbuying/overselling