Percentage Price Oscillator (PPO)

The Percentage Price Oscillator (PPO) indicator is a variation of the MACD indicator. It calculates the price percentage away from the current price and the difference between the short-term and medium-term trend.

When PPO line is above its signal line, it indicates that the short-term trend is bullish and the momentum is strong. When the PPO line is below the signal line it indicates that the short-term trend is bearish.

The indicator table value in TradePoint & RZone also provides you with a list of all values of this indicator for any group of stocks. This will allow you to compare the readings of this indicator across different stocks.

The indicator is applicable to all types of charting. Calculated based on the number of columns on P&F charts, bricks on Renko charts, lines on Line-break charts, candles on Heikin ashi charts, and lines on Kagi charts. While the formula and reading of the indicators remain the same, they become more dynamic on these charts.

This indicator is also available in the System Builder of RZone & TradePoint for all charting methods. Using the system builder, you can develop various strategies based on the different conditions already present in this indicator. Additionally, it can be used with other indicators or price patterns to develop effective trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.