Weekly & Daily Percentage Price Oscillator by Vitali Apirine
Modifying a traditional indicator can make you look at a chart differently. You can compare indexes, look at price movements during extended periods of time, and make trading decisions based on your observations.
Sometimes we get so accustomed to using an indicator that we overlook the different things we can do with it. The weekly & daily percentage price oscillator (W&D PPO) is one such indicator. It’s made up of two momentum oscillators—a weekly PPO and a relative daily PPO. Each oscillator measures the difference between two moving averages as a percentage of the largest moving average (130-day EMA) ...