PPO on OBV

• 10/26/2019 at 3:20 PM #111275
  renzocarioca

  I am mainly focused on e-mini & micro mini S&P 500 futures.

  I would like to use the OBV indicator as a source price for a PPO.  ( I use PPO on securities price). When I go to edit the OBV, I can add other indicator (like MA, EMA) but I am unable to add the PPO . I would make the “original” invisible to just show the PPO.  Anybody has a solution, idea to fix this?

  here is a printscreen link of the PPO on price as an example.  http://prntscr.com/pofylz

  thank you

  Renzo

   

  

  renzocarioca

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  10/26/2019 at 4:28 PM #111279
  Vonasi

  renzocarioca – Please attach an image using the file attachment feature when posting a comment rather than provide links to where you have stored an image. I have attached one for you this time. 🙂

  

  Vonasi

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  10/27/2019 at 2:44 PM #111337
  renzocarioca

  my apologies,   I will do next time. Thanks for adding the charts.

  

  renzocarioca

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  10/27/2019 at 3:32 PM #111343
  Vonasi

  I’m not sure that I fully understand your request but this code gives a PPO calculation based on the returned value of the OBV indicator.

  SlowP = 26 //Periods of Slow Average FastP = 12 //Periods of Fast Average AvgType = 0 //Average Type AvgType = max(0,min(6,AvgType)) //0 - 6 SlowAvg = Average[SlowP,AvgType](OBV(close)) FastAvg = Average[FastP,AvgType](OBV(close)) Difference = FastAvg - SlowAvg Difference = (Difference / SlowAvg) * 100 RETURN Difference,0

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  SlowP      = 26                    //Periods of Slow Average FastP      = 12                    //Periods of Fast Average AvgType    = 0                     //Average Type   AvgType    = max(0,min(6,AvgType))    //0 - 6 SlowAvg    = Average[SlowP,AvgType](OBV(close)) FastAvg    = Average[FastP,AvgType](OBV(close))   Difference = FastAvg - SlowAvg Difference = (Difference / SlowAvg) * 100   RETURN Difference,0

   

  

  Vonasi

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  10/29/2019 at 2:02 PM #111543
  renzocarioca

  thank you,  it works.  It is interesting to compare the price and OBV PPO since you can use PPO to measure distance from a moving average.

  

  renzocarioca

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