PPO on OBV

renzocarioca · 2019-10-26T14:20:51+00:00

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

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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

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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