Measure % Close is > EMA with PPO?

Abuelo
Abuelo ✭
in Scanning
I believe there is a way to measure the % Close is > a EMA with the PPO Line .... but can't seem to get it right ..... thought a PPO indicator panel with setting of (1,30,1) would give me the % for the day the Close is > EMA(30) .... anyone know the correct way to do this .... Thanks

Best Answer

  • markd
    markd mod
    Answer ✓
    It does. The right hand scale is the per cent difference.

    You can verify this by

    (ema(1)-ema(30))/ema(30)

    (take values from the chart)

    The result should equal the reading on the right hand scale.

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