Percentage Price Oscillator

Percentage Price Oscillator

In technical analysis, an indicator of short-term momentum as percentage of long-term momentum. A positive measure indicates that the short-term momentum is higher than the long-term by the stated percentage while a negative measure indicates the opposite. It is calculated thusly:

Principal Percentage Oscillator = (9 day exponential moving average (EMA) of a security's price - 26 day EMA) / 26 day EMA
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