Price Oscillator (PO)¶
| Name | Type | Prerequisite | Use Cases |
|---|---|---|---|
| Price Oscillator (PO) | Momentum | OHLC Data | Comparing momentum across different assets regardless of price level. |
Definition¶
The percentage difference between two moving averages.
Mathematical Equation¶
\[
(\frac{MA_{fast} - MA_{slow}}{MA_{slow}}) \times 100
\]
Special cases¶
- Maximum possible value: Unbounded
- Minimum possible value: Unbounded
- Behavior: Oscillates around zero based on the difference between two moving averages of price.
Visualization¶
Trading Significance¶
-
Category: Momentum
-
Use Case: Comparing momentum across different assets regardless of price level.