Pivot Points Moving Average is the Pivot Points study but with each of the five plots smoothed by a Simple Moving Average. This Pivot Points indicator is designed to be used on a Daily Chart.
Pane: Overlay
Formula: Previous Days High, Low, and Close values are used to calculate Today's Pivot Point Levels.
P = (High + Low + Close) / 3
R2 = MA of (P + (High - Low))
R1 = MA of ((P x 2) - Low)
PIVOT = MA of ((High + Low + Close) / 3)
S1 = MA of ((PIVOT x 2) - High)
S2 = MA of (P - (High - Low))
Properties:
Input: The Symbol field on which the study will be calculated.
High: Field used in calculations for High. Default is High.
Low: Field used in calculations for Low. Default is Low.
Close: Field used in calculations for Close. Default is Close.
Period: The number of bars used in Moving Average calculation. The application uses a default of 3.
PivDispl: Displacement for plot placement. Default is 1, which projects the study values 1 bar into the future.
PIVOT: The color, line style and line width of the PIVOT plot.
S1: The color, line style and line width of the S1 plot.
S2: The color, line style and line width of the S2 plot.
R1: The color, line style and line width of the R1 plot.
R2: The color, line style and line width of the R2 plot.