Extra indicators
PPO: Percentage Price Oscillator
MACD expressed in per cent of the slow average, so it can be compared across tickers and over time.
La idea en pocas palabras
MACD is measured in price units, so a $3,000 index and a $1 currency pair give very different numbers. PPO divides by the slow EMA and shows the gap in per cent.
Cómo se calcula
(EMA 12 − EMA 26) ÷ EMA 26 × 100; signal = EMA 9 of PPO; histogram = PPO − signal.
PPO = (EMA(12) − EMA(26)) ÷ EMA(26) × 100
Signal = EMA(PPO, 9), Histogram = PPO − SignalCómo usarlo
- Same signals as MACD: signal-line crosses, zero-line crosses, divergences.
- Comparing momentum between tickers.
Sacar conclusiones
- The histogram shows whether momentum is speeding up or slowing down.
Ejemplo
BTCUSD daily, PPO = +4.1%: the 12-day EMA is 4.1% above the 26-day EMA, a strong uptrend.
Los precios de los ejemplos son ilustrativos.
Ten cuidado con
- Like MACD it lags at turning points.
Un poco de historia
A standard variation of Gerald Appel's MACD (late 1970s).
Solo contenido educativo. Ningún indicador ni patrón predice el futuro, y nada de lo aquí expuesto es asesoramiento de inversión.