This indicator contains two simple moving averages that is calculated from the pivot point rather than the closing price. This indicator is described in detail in chapter 6 of the book Candlestick and Pivot Point Trading Triggers: Setups for Stock, Forex, and Futures Markets by John L. Person.
I AM NOT ABLE TO FIND PPMA INDICATOR WILL YOU PLZ HELP ME OUT
modhelius
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If you want a more flexible indicator you can use this instead tradingview.com/script/FGGGUQ8I-Three-Moving-Averages/ (You just have to set the periods to 1 and 3 and the sources to hlc3 on the two first moving averages and disable the third under the styles tab to achieve the same result as this indicator)
tvphigroup
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@modhelius, what is the name of this indicator you mention?
modhelius
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@tvphigroup, Three Moving Averages, by pressing the picture above you will get to it.
PeteAdHoc
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Thanks a lot , man ! This is really a great helping indicator. Very useful, especially after having read the book you mention.
khuranalove
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I need to add one more moving average in this. I need to use 14, 30 and 50 SMA. I am able to use 14 and 30 SMA but third is not available. Could you please help me in adding one more moving average in this code? Thanks.
StumpGrinder
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Thank you so much for this. I'm reading Person's book right now and I was quite concerned about not understanding Pivot Point moving averages, and so this indicator is a real blessing, thanks again I'm learning tons