stelaraX - PPO

stelaraX – PPO

stelaraX – Percentage Price Oscillator (PPO) is a momentum indicator designed to measure the relative difference between two exponential moving averages as a percentage. By normalizing momentum, it allows consistent comparison across different instruments and price levels.

This indicator is part of the stelaraX ecosystem, focused on clean technical analysis and AI-supported chart evaluation
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Core logic

The Percentage Price Oscillator is calculated by subtracting a slow EMA from a fast EMA and expressing the result as a percentage of the slow EMA. A signal line and histogram are derived for momentum confirmation.

Key principles:

* the fast EMA captures short-term momentum
* the slow EMA captures longer-term momentum
* normalization allows cross-asset comparability
* values above zero indicate bullish momentum
* values below zero indicate bearish momentum
* the histogram visualizes momentum acceleration and deceleration

Crossovers between PPO and its signal line, as well as histogram changes, often highlight shifts in momentum strength.

Visualization

The script plots:

* the PPO line in a separate indicator pane
* a smoothed signal line for confirmation
* a histogram showing momentum acceleration
* dynamic color changes reflecting momentum direction and strength
* a zero reference line for directional context

This multi-layered view provides a comprehensive picture of momentum dynamics.

Use case

This indicator is intended for:

* identifying momentum direction and strength
* comparing momentum across different markets
* confirming trend continuation or reversal
* spotting momentum divergences versus price
* filtering entries in trend-following strategies

It integrates well with trend filters, structure analysis, and AI-assisted chart evaluation.

Disclaimer

This indicator is provided for educational and technical analysis purposes only and does not constitute financial advice or trading recommendations. All trading decisions and risk management remain the responsibility of the user.