PDO – indicator for MetaTrader 5

PDO (Percent Difference Oscillator) oscillator shows the difference between moving average and the current Close price, expressing the difference in the percents of the moving average (above / below the MA).

It has three input parameters:

  • Period – MA calculation period;
  • Method – MA calculation method;
  • Applied price – MA calculation price.

Calculations:

PDO = 100*(Close - MA)/MA