Pivot Points Moving Average (PPMA)

• 10/08/2020 at 12:21 PM #146737
  Widzo

  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!

  

  Widzo

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  10/08/2020 at 1:15 PM #146743
  Nicolas

  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.

   

  

  Nicolas

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  10/08/2020 at 6:54 PM #146784
  Widzo

  Thanks Nicolas – you are star and keep the good work!

  

  Widzo

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