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Re: Requests & Ideas (MT5)

#347
uradello wrote:
Tue Jul 06, 2021 4:44 pm
Sorry MrTool,
this indicator is a price oscillator in %....can you make it in pips, sma different in pips
thank you in advance
it would be nice if there was also email alert when different in pips exceed for example 40 pips
on time frame 5 min are very good sma 600 and sma 1440
sma 600 is sma 50 on tf 1h and sma 1440 is sma 120 on tf 1h (5days)
thank you in advance

Re: Requests & Ideas (MT5)

#348
uradello wrote:
Fri Jul 16, 2021 5:50 pm
it would be nice if there was also email alert when different in pips exceed for example 40 pips
on time frame 5 min are very good sma 600 and sma 1440
sma 600 is sma 50 on tf 1h and sma 1440 is sma 120 on tf 1h (5days)
thank you in advance
Sorry not understanding the alert part plus not sure how to change it to pips since it's a percentage indicator. Also posting Mladen's extended version and his explanation about PPO::::::::::::::

The Percentage Price Oscillator Extended (PPO) is a technical Momentum indicator showing the relationship between two Moving Averages. To calculate the PPO, subtract the 26-day Exponential Moving Average (EMA) from the nine-day EMA, and then divide this difference by the 26-day EMA. The end result is a percentage that tells the trader where the short-term average is relative to the longer-term average.

Calculated as:



The PPO and the Moving Average Convergence Divergence (MACD) are both Momentum indicators that measure the difference between the 26-day and the nine-day Exponential Moving Averages. The main difference between these indicators is that the MACD reports the simple difference between the Exponential Moving Averages, whereas the PPO expresses this difference as a percentage. This allows a trader to use the PPO indicator to compare stocks with different prices more easily. For example, regardless of the stock's price, a PPO result of 10 means the short-term average is 10% above the long-term average.

The Extended version introduces a signal line (EMA is used for Signal line calculation too) and that way the signals are a bit faster compared to the basic version.
ppo.png
PPO (extended).mq5
(10.16 KiB) Downloaded 27 times


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