Usage: PPMs measure the "angle of attack" to predict the probability of market trends holding or penetrating SMAs. When a PPM value crosses .25, there's a 60% chance the current market price will maintain its direction. Values over 3.0 indicate extreme trend strength but lower reliability.
PPM1 focuses on short-term trends, PPM2 captures the driving force behind Elliott Wave sequences 3 and 5, and PPM3 helps identify the bottoms of wave four. Together, they offer a 360-degree view of market trends for intraday or end-of-day charting.