Absolute Price Oscillator

The Absolute Price Oscillator (APO) plots the difference between two moving averages as a real value. The user may change the input (close), method (SMA) and period lengths. This indicator’s definition is further expressed in the condensed code given in the calculation below.

How To Trade Using Absolute Price Oscillator

No trading signals are calculated for this indicator.

How To Access in MotiveWave

Go to the top menu, choose Study>General>Absolute Price Oscillator

or go to the top menu, choose Add Study, start typing in this study name until you see it appear in the list, click on the study name, click OK.

Important Disclaimer: The information provided on this page is strictly for informational purposes and is not to be construed as advice or solicitation to buy or sell any security. Please see our Risk Disclosure and Performance Disclaimer Statement.

Calculation

//input = price, user defined, default is Midpoint
//method = moving average (ma), user defined, default is SMA
//period = user defined, default is 10
//period2 = user defined, default is 30
//index = current bar number

MA1 = ma(method, index, period, input); 
MA2 = ma(method, index, period2, input); 
Plot: diff = MA1-MA2;