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#1 Selling Amibroker Plugin featuring:
PPO with buy sell signals for Amibroker (AFL)
This is a ppo with buy and sell signals similar to MACD, can be used in conjunction with price charts or it can be used to minimize the whipsaws in your trade.
I got the ppo from somewhere and i added the buy sell signals
Good luck
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Similar Indicators / Formulas
Indicator / Formula
_SECTION_BEGIN("PPO");
//Further understanding of PPO indicator visit www.Stockchart.com
PPOShort = Param("PPO Short Period", 12, 1, 150, 1);
PPOLong = Param("PPO Long Period", 26, 1, 150, 1);
PPOsignal = Param("PPOsignal", 9, 1, 150, 1);
PPO = (EMA(C, PPOShort ) - EMA(C, PPOLong ))/ EMA(C, PPOLong );
PPOS = (EMA(ppo, PPOsignal ));
Val=ppo-PPOS ;
Plot( PPO , "ppo", colorGreen, styleLine| styleThick );
Plot ( PPOS ,"PPO Signal", colorOrange, styleLine| styleThick );
dynamic_color = IIf( Val> 0, colorGreen, colorRed );
Plot( Val, "PPO Histogram", dynamic_color, styleHistogram | styleThick );
Buy= Cross( ppo,ppos);
Sell= Cross( ppos, ppo);
PlotShapes(shapeUpArrow * Buy,colorGreen);
PlotShapes(shapeDownArrow * Sell,colorRed);
AlertIf( Buy , "SOUND C:\\Windows\\Media\\Ding.wav", "Audio alert", 2 );
AlertIf(Sell , "SOUND C:\\Windows\\Media\\Ding.wav", "Audio alert", 2 );
_SECTION_END();1 comments
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What is the advantage of not using OscP()?