Pivot Moving Average ?

[Ark]

I came across a thread in the ' Indicator Development' section about this issue of a pivot point moving average but never a resolution. I have zero ability as a programmer...I've spent countless hours trying to construct this indicator but have failed over and over again. Ninja support directed me to the tutorials but I've had no luck. Would some kind expert out there help me please?

[NinjaTrader_Josh]

For custom coding you can try contacting one of our NinjaScript Consultants here: http://www.ninjatrader.com/webnew/partners_onlinetrading_NinjaScript.htm

[Ark]

Thank you Josh for your reply.

[hcgaloi]

NT already has pivot point moving average implemented. Under Parameters-> Price Type change it to Typical. This will calculate the moving average using (H+L+C) / 3.

[eDanny]

(H+L+C) / 3 is not a pivot point if it is calculated on every bar.

[eDanny]

Edit: Not worth the effort.

[hcgaloi]

Pivot point moving average as explained by John Person in his book, Candlestick and Pivot Point Trading Triggers,
http://books.google.com/books?id=P3kT_5YSHLIC&pg=PA159&lpg=PA159&dq=%22PIVOT+POINT+moving+average%22&source=bl&ots=5ptCmC5LGE&sig=8jCRLI3eMzTIVlEMZjO8fRCK3pU&hl=en&ei=LYRfSpatN4GolAeOgLGaDQ&sa=X&oi=book_result&ct=result&resnum=9

couple days ago, I wanted to use it in NT, but couldn't find it easily. Then, I searched the forum and saw several people were looking for the same. Finally, I found it hidden under Price Type, so I simply want to let others know where to find it.

I agree there is a difference between pivot point and pivot point moving average. It depends on which ones that you want to use.

Thanks



(H+L+C) / 3 is not a pivot point if it is calculated on every bar.

[claxxical]

Has this been removed in NT7? I can't find it...

[NinjaTrader_Austin]

claxxical, can you please clarify what you mean by "this"? There is a standard pivot indicator built into NT7.

[claxxical]

Sorry, the pivot point moving average.

[NinjaTrader_Austin]

claxxical, it was never really present in NinjaTrader. The methods posted here in this thread are a type of workaround. I just changed the Pivot Point input to Typical, and the pivots did not change. The standard NinjaTrader Pivot indicator uses daily highs, lows, and closes to come up with the pivots, so just as eDanny said in post #5, if you used (H + L + C) / 3 for the "pivots" on every bar, it wouldn't be a bit.

[claxxical]

I don't understand what you're saying...this thread is titled "Pivot Moving Average". in NT 6.5, when you used an SMA indicator, you had an option to change the price type from "Close" to "Typical" which is the Pivot (H + L + C)/3, as is discussed in this entire thread. In NT7, I no longer see that option in the SMA indicator.

[claxxical]

Nevermind, I found it, you can select typical in the "Input series" parameter under SMA.

[hcgaloi]

Even though the title of the thread clearly said " Pivot Moving Average," people keep on mistaken it for floor trader pivots (PP, R1, R2, R3, S1, S2, S3). In an earlier post, I cited John Person's book and explain that a "moving average" is what we discussed here. Some just won't accept it. Don't know what else to do ... LOL



I don't understand what you're saying...this thread is titled "Pivot Moving Average". in NT 6.5, when you used an SMA indicator, you had an option to change the price type from "Close" to "Typical" which is the Pivot (H + L + C)/3, as is discussed in this entire thread. In NT7, I no longer see that option in the SMA indicator.