The Percentage Price Oscillator for Metatrader 4 is a technical indicator that shows the relationship between the 26 and 12-period EMAs in percentage.
Percentage Price Oscillator is also known as PPO.
The indicator pops up in a separate MT4 chart window in the form of two colored lines.
PPO is very reliable, lightweight, and will not slow down your trading platform.
Buy & Sell Trade Example
- Open a buy trade when the two colored lines cross back above the 0.00 level from below.
- Open a sell trade when the two colored lines cross back below the 0.00 level from above.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “Percentage price oscillator.mq4” indicator for MT4
Indicator Chart (EUR/USD H4)
The picture below shows the Percentage Price Oscillator mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Percentage Price Oscillator indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Oscillator
Does the indicator repaint? No.
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Download the “Percentage price oscillator.mq4” indicator for Metatrader 4
