I'm looking for help on this. As I understand it, the PPO plots the percentage difference between two moving averages. If the shorter term MA is below the longer term MA, the PPO should be below "0" as well, correct? This doesn't seem to be the case.
I'm trying to identify periods when the $NYA 150 day MA is within 1.5% of the 250 day MA. Using the PPO seemed to be the logical choice, but I noticed that during several instances MA cross-overs didn't correspond with crosses of the PPO "0" line.
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