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Percentage Price Oscillator for Amibroker (AFL)
kaiji
over 9 years ago
Amibroker (AFL)

Rating:
3 / 5 (Votes 2)
Tags:
oscillator, amibroker

Percentage Price Oscillator using two EMA’s and a signal line. The first parameter value is an n-period EMA that is subtracted from another n-period EMA (the second parameter). The third parameter overlays an EMA of the PPO for use as a signal line. The standard 12, 26, 9 is automatically entered by default

By kirubanandan – kirubanandanrk [at] gmail.com

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Indicator / Formula

Copy & Paste Friendly
_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  );
_SECTION_END();

3 comments

1. colion

How does PPO differ from AmiBroker’s OscP()?

2. administrator

Why don’t you plot them together and see.

3. arian

this is nothing but MACD!!

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