Hello all, what is the best formula for calculating the Pivot Points Moving Average for a 15-minute chart? In other applications such as MT4 it is a given indicator but I seem not to locate this in ProReal. Please help!
The PPMA is not a standard average in the platform. I found the formula on internet:
Pivot Point = (High + Low + Close) / 3 ( Typical Price )
PPMA = SMA(Pivot Point, period)
Basically, this is Simple Moving Average of typical price. Just add a SMA on your price chart and choose “typical price” as the applied price in the settings window.
Thanks Nicolas – you are star and keep the good work!