Percent Price Oscillator

MACD expressed as a percentage of the slow MA (PPO). Makes momentum comparable across different price levels.

Category: Technical · Complexity: ★★★☆☆ (3/5)

Tags: technical, live-overlay, price

Live chart overlay: PPO

Percent Price Oscillator chart illustration

Formula

PPO = 100 · (EMA_fast − EMA_slow) / EMA_slow

How to read

MACD expressed as a percent of the slow EMA so a $10 stock and a $200 stock are comparable.

Limitations

Still a lagging MA spread.

Typical settings

12 / 26 / 9

Percent Price Oscillator is part of the ClearPath Encyclopedia of Indicators — 190 models explained with standard SVG illustrations, so you can study an indicator before you put it on a live chart.

Browse the full indicator directory →