Percentage Price Oscillator with ALMA
The fundamental indicator list of TV actually lacks Percentage Price Oscillator, although it is described in the support pages at tradingview.com/stock-charts-support/index.php/Price_Oscillator_(PPO).
In the chart you may find the Pinecode for PPO, which is calculated by using ALMA instead of EMA. It acts as a better alternative to MACD, and the MACD related trading strategies may be used with PPO as well. One may eliminate the signals occurring between [-1, 1] to increase robustness.
In the chart you may find the Pinecode for PPO, which is calculated by using ALMA instead of EMA. It acts as a better alternative to MACD, and the MACD related trading strategies may be used with PPO as well. One may eliminate the signals occurring between [-1, 1] to increase robustness.
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