Percentage Price Oscillator (PPO)

v10.3
Percentage Price Oscillator (PPO)

The percentage price oscillator (PPO) is a technical momentum indicator that shows the relationship between two moving averages. To calculate the PPO, subtract the 26-period exponential moving average (EMA) from the 12-period EMA, and then divide this difference by the 26-period EMA. The result is then multiplied by 100. The indicator tells the trader where the short-term average is relative to the longer-term average.

 

I am also attaching the MACD type version (it is very similar):

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No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

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  1. juanj • 12/07/2018 #

    Haven’t been on this forum for ages! Just logged in to see what is happening and since this caught my eye I decided to quickly write it into a strategy 🙂

    For some reason, the Add PRT Code doesn’t work so here is the unformatted code:

    //EURUSD 1Hr

    Defparam cumulateorders = False

    possize = 1
    SlowP = 26 //Periods of Slow Average
    FastP = 12 //Periods of Fast Average
    AvgType = 1 //Average Type (0=sma, 1=ema, 2=wma,…)
    Percentage = 1 //1=calculate Percentage 0=no percentage
    SignalP = 9 //Periods of Signal Average
    //
    SlowP = max(1,min(999,SlowP)) //1 – 999
    FastP = max(1,min(999,FastP)) //1 – 999
    AvgType = max(0,min(6,AvgType)) //0 – 6
    Percentage = max(0,min(1,Percentage)) //1=Percentage 0=NO Percentage
    SignalP = max(1,min(999,FastP)) //1 – 999
    SlowAvg = Average[SlowP,AvgType](close)
    FastAvg = Average[FastP,AvgType](close)
    ppo = FastAvg – SlowAvg
    IF Percentage THEN
    ppo = (ppo / SlowAvg) * 100
    ENDIF
    SignalLine = Average[SignalP,AvgType](ppo)
    Histo = Ppo – SignalLine

    If longonmarket and histo < 0 or ppo 0 or ppo > SignalLine Then
    Exitshort at market
    EndIf

    If ppo > 0 and signalLine SignalLine Then
    If shortonmarket Then
    Exitshort at market
    EndIf
    Buy possize contract at market
    ElsIf ppo 0 and ppo < SignalLine Then
    If longonmarket Then
    Sell at market
    EndIf
    Sellshort possize contract at market
    EndIf

  2. robertogozzi • 12/07/2018 #

    Welcome back Juanji, why don’t you post your strategy in the ProOrder support, it’s a better place to talk about strategies and improve them.
    Thank you.

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