Percentage Oscillator Swing — Indicator by exlux99

trendanalysis volatility swing bearish bullish long short trend

The percentage price oscillator (PPO) is a technical momentum indicator.

It shows the relationship between the close of a candle and the highest/lowest point with a specific lenght in percentage terms.

Rules
The higher percentage on the values upwards, compared to those downwards, the higher the power of the bull trend.

The higher percentage on the values downwards, compared to those upwards, the higher the power of the bear trend.

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Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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