Pivot Points Moving Average (PPMA)

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  • #146737 quote
    WidzoWidzo
    Participant
    Junior

    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!

    #146743 quote
    NicolasNicolas
    Keymaster
    Legend

    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.

     

    #146784 quote
    WidzoWidzo
    Participant
    Junior

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

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Pivot Points Moving Average (PPMA)


General Trading: Market Analysis & Manual Trading

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Widzo @widzo Participant
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This topic contains 2 replies,
has 2 voices, and was last updated by WidzoWidzo
5 years, 11 months ago.

Topic Details
Forum: General Trading: Market Analysis & Manual Trading
Language: English
Started: 10/08/2020
Status: Active
Attachments: No files
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