PPO - Compile for MetaTrader 4
The indicator refers to a group of oscillators. It is calculated on the basis of exponential moving averages with the periods of 12 and 26. The signal line is a simple moving average with a period of 9. The indicator allows to compare periods regardless of the price. Trading signals:
- Emergence of divergence.
- Intersection of the indicator’s histogram and the signal line.
- Reaching the price of overbought or oversold zones.