Fresh MQL5 code release – perfect for enhancing your MT4/MT5 strategies.
Author: Tom Balfe
Percentage Price Oscillator is calculated as the difference between the short and the long EMA, the obtained result being divided by the short EMA.
- It displays more precise signals of divergences between prices and the value of the oscillator.
- It emphasizes price extremums more precisely, it moves faster.
Follows formula: (FastEMA-SlowEMA)/SlowEMA
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