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where P1 is the optical power level generated when the light source is "on," and P0 is the power level generated when the light source is "off." The OMA may be specified in peak-to-peak mW.
The OMA can be related to the average power and the extinction ratio
In the limit of a high extinction ratio, . However, OMA is often used to express the effective usable modulation in a signal when the extinction ratio is not high and this approximation may not be valid.