Percentage Price Oscillator Indicator for MT5

The Percentage Price Oscillator or PPO is a simple oscillator that indicates the direction of a trend by building an EMA. Blue line represents a bullish move and red represents a bearish move. In addition, the color of area between the EMA and zero level indicates a current market trend. The indicator also has an EMA signal line that complements the fast and slow EMAs. Like other oscillators, the indicator fluctuates between +0 and -0. Fast and slow EMA crossovers give us BUY and SELL signals. Traders can apply the indicator on any timeframe. However, it is best to use the indicator on longer timeframes. Percentage Price Oscillator Indicator BUY/SELL signals The GBP/USD hourly chart above shows the BUY and SELL signals of the indicator. The indicator is BUYING when the area below the chart turns blue-green. At the same time, the indicator line itself is colored blue when the indicator value grows and turns red when this value falls. To SELL, traders need to wait for the light orange area of \\the indicator. The further the indicator line deviates from the zero level, the stronger the current trend will be. At the moment of crossing the zero level, traders can close their positions. Conclusion The Percentage Price Oscillator indicator is a momentum oscillator that plots two EMAs to determine the direction of a trend. You can download the indicator for free from our website.