PPO on OBV

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  • 10/26/2019 at 3:20 PM #111275 quote
    renzocarioca
    Participant
    Junior

    I am mainly focused on e-mini & micro mini S&P 500 futures.

    I would like to use the OBV indicator as a source price for a PPO.  ( I use PPO on securities price). When I go to edit the OBV, I can add other indicator (like MA, EMA) but I am unable to add the PPO . I would make the “original” invisible to just show the PPO.  Anybody has a solution, idea to fix this?

    here is a printscreen link of the PPO on price as an example.  http://prntscr.com/pofylz

    thank you

    Renzo

    Screenshot_3-2.png Screenshot_3-2.png
    10/26/2019 at 4:28 PM #111279 quote
    Vonasi
    Moderator
    Master

    renzocarioca – Please attach an image using the file attachment feature when posting a comment rather than provide links to where you have stored an image. I have attached one for you this time. 🙂

    10/27/2019 at 2:44 PM #111337 quote
    renzocarioca
    Participant
    Junior

    my apologies,   I will do next time. Thanks for adding the charts.

    10/27/2019 at 3:32 PM #111343 quote
    Vonasi
    Moderator
    Master

    I’m not sure that I fully understand your request but this code gives a PPO calculation based on the returned value of the OBV indicator.

    SlowP      = 26                    //Periods of Slow Average
FastP      = 12                    //Periods of Fast Average
AvgType    = 0                     //Average Type 

AvgType    = max(0,min(6,AvgType))    //0 - 6
SlowAvg    = Average[SlowP,AvgType](OBV(close))
FastAvg    = Average[FastP,AvgType](OBV(close))

Difference = FastAvg - SlowAvg
Difference = (Difference / SlowAvg) * 100

RETURN Difference,0
    10/29/2019 at 2:02 PM #111543 quote
    renzocarioca
    Participant
    Junior

    thank you,  it works.  It is interesting to compare the price and OBV PPO since you can use PPO to measure distance from a moving average.

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PPO on OBV


ProBuilder: Indicators & Custom Tools

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renzocarioca @renzocarioca Participant
Summary

This topic contains 4 replies,
has 2 voices, and was last updated by renzocarioca
6 years, 3 months ago.

Topic Details
Forum: ProBuilder: Indicators & Custom Tools
Language: English
Started: 10/26/2019
Status: Active
Attachments: 1 files
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