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.
L’idée en termes simples
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.
Mode de calcul
(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 − SignalComment l’utiliser
- Same signals as MACD: signal-line crosses, zero-line crosses, divergences.
- Comparing momentum between tickers.
Tirer des conclusions
- The histogram shows whether momentum is speeding up or slowing down.
Exemple
BTCUSD daily, PPO = +4.1%: the 12-day EMA is 4.1% above the 26-day EMA, a strong uptrend.
Les prix des exemples sont donnés à titre d’illustration.
Points de vigilance
- Like MACD it lags at turning points.
Un peu d’histoire
A standard variation of Gerald Appel's MACD (late 1970s).
Contenu éducatif uniquement. Aucun indicateur ni aucune figure ne prédit l’avenir, et rien ici ne constitue un conseil en investissement.