The AIQ code based on Vitali Apirine’s article in Stocks & Commodities issue, “Weekly & Daily Percentage Price Oscillator,” Modifying a traditional indicator can make you look at a chart differently. You can compare indexes, look at price movements during extended periods of time, and make trading decisions based on your observations is provided here:
!WEEKLY & DAILY PPO !Author: Vitali Apirine, TASC Feb 2018 !Coded by: Richard Denning 12/17/17 !www.TradersEdgeSystems.com !INPUTS: S is 12. L is 26. EMA1 is expavg([Close],S). EMA2 is expavg([Close],L). EMA3 is expavg([Close],S*5). EMA4 is expavg([Close],L*5). DM is (EMA1 - EMA2)/EMA4*100. WM is (EMA3 - EMA4)/EMA4*100. WD_PPO is WM + DM.