The Price Oscillator uses two moving averages and calculates the difference between them. This can be used to determine overbought / oversold conditions as well as to confirm bullish / bearish price moves. This example shows the percentage difference between the 50 and 200 period moving averages:
This is a companion discussion topic for the original entry at https://www.optuma.com/kb/optuma/tools/averages/price-oscillator