PPO - Indicator for MetaTrader 4

The indicator is developed for integration into the trading platform MT4. Its operation is based on the market analysis technique using exponential moving averages with different periods. The indicator is calculated by subtracting a short EMA from the long EMA and dividing the result’s value by an EMA with a smaller period.

The advantages of the indicator include the ability to more accurately recognize divergences and highlight price extremes.