Percentage Price Oscillator
Percentage Price Oscillator is calculated as the difference between the short and long EMAs, divided by the long EMA. In comparison with MACD, Percentage Price Oscillator shows signals of divergences between prices and the oscillator value and highlights price extremes more accurately, its movements are more dynamic.
The values are calculated by the following formula: (FastEMA-SlowEMA)/SlowEMA
The indicator view in the chart.
The indicator has the following parameters:
Long Period - setting of the indicator long period.
Short Period - setting of the indicator short period.
Source - setting of the indicator calculation parameters:
Panel - selection of the indicator location in the chart:
- New panel
Show value - display of the indicator value on the price scale on the left.
Scale/Auto-scaling - if this option is on, the scale will be automatically calculated, based on the minimum and maximum indicator values, so that the indicator would fit in the chart.
Color - color setting of the indicator.
Visual type - visual setting of the indicator display in the chart:
- Up arrow
- Down arrow
- Axis label
Line style - setting of the line display style:
- Dash - dot
- Dash - dot - dot
Width - setting of the indicator line width.
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