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OPEN-SOURCE SCRIPT

PPO w/ Discontinued Signal Lines [Loxx]

By loxx
Updated
PPO w/ Discontinued Signal Lines [Loxx] is a Percentage Price Oscillator with some upgrades. This indicator has 33 source types and 35+ moving average types as well as Discontinued Signal Lines and divergences. These additions reduce noise and increase hit rate.

What is the Price Percentage Oscillator?
The percentage price oscillator (PPO) is a technical momentum indicator that shows the relationship between two moving averages in percentage terms. The moving averages are a 26-period and 12-period exponential moving average (EMA).

The PPO is used to compare asset performance and volatility, spot divergence that could lead to price reversals, generate trade signals, and help confirm trend direction.

Included:
  • Bar coloring
  • 3 signal variations w/ alerts
  • Divergences w/ alerts
  • Loxx's Expanded Source Types
  • Loxx's Moving Averages
Release Notes
Small fix.
Bands and ChannelsdiscontinuedsignallinesdivergencesDSLheikin-ashippoPrice Oscillator (PPO)pricepercentoscillatorsignals

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 publication is governed by House rules. You can favorite it to use it on a chart.

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loxx
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