Pivot Point Moving Average Indicator | Forex Factory

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Pivot Point Moving Average Indicator

  • #1
  • First Post: Apr 26, 2007 2:38pm Apr 26, 2007 2:38pm
Hey everyone,

I was just wondering if there was a moving average of pivot points indicator. Looking for one that looks like an MA on the charts, but is based on pivot point formulas.

Any ideas? I have searched long and short to no avail...

Thanks,

D.
  • #2
  • Sep 8, 2007 8:15pm Sep 8, 2007 8:15pm
Quoting Daemien
Hey everyone,

I was just wondering if there was a moving average of pivot points indicator. Looking for one that looks like an MA on the charts, but is based on pivot point formulas.

Any ideas? I have searched long and short to no avail...

Thanks,

D.
If you find one let me know, I am looking for one that would draw a MA of the last 3 daily pivots
  • #3
  • Sep 9, 2007 1:45pm Sep 9, 2007 1:45pm
Here's an easy work around. Use the attached MTF MA indicator. Set the TimeFrame to 1440 (1 day), and the period to 3, applied_price to 5 (HLC3).
This gives you a 3 period average of the pivot point from your broker's daily candle. (Different brokers start their day in different time zones so you wont be able to have you MA based on a start from, say 5pm est...). Also you may want to use the "shift" function by 1 period because pivots are inherently projected forward by a day...hmmm
Hope this helps!
-T
.
Attached File(s)
File Type: mq4 #MTF_MovingAverage.mq4   4 KB | 4,001 downloads
  • #4
  • Edited 4:40am Aug 13, 2008 4:11am | Edited 4:40am
so with this indicator to use John L Person formulas to both MA's he shows in is books....how should you set up this indicator settings for the five minutes chart and the 15 minutes charts respec. ? (so we can reproduce his complete system in MT4 with this indicator)

anyone ?

thanks in advance


Stay Fresh!

---

okEi got the values.

for a 5 minute chart:

TimeFrame -> 5
MAPeriod -> 1
ma_shift -> 0
ma_method -> 0
applied_price -> 5

and

TimeFrame -> 5
MAPeriod -> 3
ma_shift -> 0
ma_method -> 0
applied_price -> 5
  • #5
  • Mar 21, 2009 1:40pm Mar 21, 2009 1:40pm
Tater, thanks for the smart solution -- I was in need for it. I am using the 3-day and 5-day PIVOT averages to determine tendancy of current day's movement. If today's pivot is above both averages, I go long, otherwise short.
  • #6
  • Mar 21, 2009 4:09pm Mar 21, 2009 4:09pm
haveny used it for ages.. but this was a 3 day pivot
Attached File(s)
File Type: mq4 Three_Day_Rolling_Pivot.mq4   3 KB | 2,801 downloads
  • #7
  • Mar 21, 2009 6:06pm Mar 21, 2009 6:06pm
Mt4 doesn't need one, it has one built in. "Pivot" is just "typical price" aka (H+L+C)/3. If you add a moving average in the popup there is an "Apply to:" field. Go there, pulldown, choose HLC/3, choose whatever period you want, done.
  • #8
  • Mar 22, 2009 2:54am Mar 22, 2009 2:54am
Thank you all for the info. Despite that MT4 has it as a built in indicator, the MTF indicator is still superior to MTF's in the sense that it is still drawn even under lower time frames. For example, if you specifiy that you are interested in the 1440 (1D) timeframe, you will see it, the 1D, drawn in all smaller frames, while the MT4 changes based on what timeframe you toggle to.

Thanks Rabid for the info as I never paid attention that MT4 supports (H+L+C)/3 price anyway :-)
  • #9
  • Mar 26, 2009 9:34am Mar 26, 2009 9:34am
Quoting Rabid
Mt4 doesn't need one, it has one built in. "Pivot" is just "typical price" aka (H+L+C)/3. If you add a moving average in the popup there is an "Apply to:" field. Go there, pulldown, choose HLC/3, choose whatever period you want, done.
Hi Rabid

Can you tell me a bit simpler, how to find it the Pivot MA indi ?

thanks
  • #10
  • Mar 27, 2009 2:17pm Mar 27, 2009 2:17pm
The MT4 MA has the pivot formula built-in. It is nominally set to calculate the average of the bar's close, but if you set it to "Typical" it calculates the from the HLC/3 point of the bar which is the pivot point of the bar. If you want to get fancy re-read my post above and get the MTF version but it is not necessary for the Person Average formula.
Cheers,
T
  • #11
  • Mar 28, 2009 6:21am Mar 28, 2009 6:21am
Thanks T
  • #12
  • Jan 23, 2010 11:10am Jan 23, 2010 11:10am
Hi, apologies for ressurecting an ancient thread but u guys have given me food for thought, ive been interested in this topic ever since i first saw the PPs on netdania charts moving on-the-fly and thought itd be cool to have the movement history charted.

My first question; if the Moving Average set at the variables suggested on this thread was a true representation of a Pivot, then wouldnt it match up with the daily 'static' Pivot point at the start of each day? Which they dont. Doesnt that suggest the MA method is not a pivot, as they should both be taking the same data from the same period?

Secondly, how would you go about plotting S/R in such a way?
Long live dynamic range
  • #13
  • Dec 27, 2010 5:28am Dec 27, 2010 5:28am
Quoting Rabid
Mt4 doesn't need one, it has one built in. "Pivot" is just "typical price" aka (H+L+C)/3. If you add a moving average in the popup there is an "Apply to:" field. Go there, pulldown, choose HLC/3, choose whatever period you want, done.

Thanks Rabid. The info worked out real good

twmoore
  • #14
  • Last Post: Sep 7, 2017 1:47am Sep 7, 2017 1:47am
Dear Master Coders and Master Traders,

I am looking all over Google for a Pivot daily Indicator which auto reloads every days @ specified time and sends email with all Pivot Point levels , R1 R2 R3 R4 R5 || S1 S2 S3 S4 S5 at given local time.

So that we can specify the same for early morning and see the email with levels. It will be great, if someone help to get a single indicator or ea where we can add multiple pair, and get email for each pair separately.

Thank you in advance.
Nothing is impossible. the word says i'm possible
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