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Measure % Close is > EMA with PPO?
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
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markd
mod
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.0