This is the Percentage Price Oscillator and this indicator is very similar to the MACD indicator that got the highest win rate on the Trading Rush Channel. But unlike the MACD indicator, this indicator calculates the percentage difference between two Exponential Moving Averages. In simple words, this Percentage Price Oscillator, or PPO, is a momentum indicator like the MACD indicator, but shows the values as a percentage, whereas the MACD indicator does not calculate them as a percentage.

Usually, the PPO indicator looks almost identical to the MACD indicator and even comes with a signal line, but for some reason, on TradingView it only comes with a single line and default lengths that are different from the default lengths of the MACD indicator. But if you hide the signal line of the MACD indicator, match the PPO and MACD indicator length, and plot the PPO indicator on top of the MACD indicator, you will notice that they show exactly the same thing. If the Percentage Price Oscillator and MACD show the momentum change in the same way, what’s the point of the PPO indicator?

Well, PPO has one big advantage over the normal MACD indicator and many traders use PPO over MACD basically for this reason. You see, when you plot the MACD indicator on a Forex or Stock Market chart, it shows some values on the right. In this example, they are around one hundred. But, if you plot the same MACD indicator on a different Stock or a Forex pair, you will get very different MACD values. As you can see, the values on the first charts were in hundreds, but on the second chart, they are not even crossing the MACD value of 2. In other words, if you wanted to compare two charts with the MACD indicator, it can be challenging.

But on the other hand, since the Percentage Price Oscillator shows the values as a percentage, one can compare the momentum of two stocks quite easily. Here, both charts are in a downtrend and are giving a pullback. On the first chart, the PPO value indicated an upward momentum by crossing above the zero line and reached the PPO value of around 0.24. But on the second chart, the upward momentum is much stronger and the PPO shows that by indicating a higher value of 0.53.

Other PPO indicator strategies are the same as other MACD strategies. So to watch other PPO Trading Strategies that can give a high win rate, just watch any other MACD strategy videos on the Trading Rush Channel that had high win rates even after testing 100 times. That’s all.