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Price Oscillator (PO)
Price Oscillator (PO) is momentum oscillator in technical analysis which shows difference between two moving averages.
Price oscillator is calculated by formula:
Price oscillator is based on exponential moving average. For short EMA period is usually used value of 9 and for long EMA value of 26.
Price Oscillator (PO)
Interpretation
Generally, buying and selling signals could be created using zero line crossovers: buy signal when PO crosses above zero line and sell signal when PO crosses below zero line.
Example
Open chart for google with price oscillator.