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PPS Indicator for NinjaTrader
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Created: by Diamond5 Attachments:4

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PPS Indicator for NinjaTrader

 
Elite Member
omaha Nebraska
 
Futures Experience: Intermediate
Platform: ninjatrader
Broker/Data: Ninja
Favorite Futures: stocks, Futures ES, Options
 
Posts: 22 since Sep 2014
Thanks: 7 given, 12 received

PPS Indicator for NinjaTrader

Anyone have (or know how I can get) the code for the Person's Pivot indicators (PPS) that are free with ThinkOrSwim so I can use them in Ninjatrader? This is the indicator that puts the buy/sell arrows on the price chart, not the one that draws the support and resistance lines. I went to Person's web page and they are no longer offered for Ninjatrader. Any help would be greatly appreciated! See screenshot.

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Last edited by Diamond5; September 22nd, 2014 at 01:24 AM. Reason: Added picture
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Elite Member
Berlin, Europe
 
Futures Experience: Advanced
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Fat Tails's Avatar
 
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This looks just like two pivot moving averages. A pivot moving average is nothing else than a SMA, which uses the typical price as input series. You can select the input series under indicator settings.

If you need the arrows you would have to code an indicator that has two SMAs and triggers a signal when the price closes first above or first below the moving averages.

Such an indicator is easy to code, maybe you can post your request here:

https://futures.io/elite-circle/1261-want-your-ninjatrader-indicator-created-free-1084.html

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Elite Member
omaha Nebraska
 
Futures Experience: Intermediate
Platform: ninjatrader
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Thanks: 7 given, 12 received

PPS Indicator for NinjaTrader


Thanks FT - I guess maybe I'm over thinking it. I'm not sure what formula is behind the arrows. Would that screenshot be enough for someone to work off of and reverse engineer the indicator? After looking at the description and the indicator options however, I think you are right. I wish I could figure out what the numbers behind it were. If I could, I could probably code it myself.

Here is the description:
Person's Pivot Study (PPS) is a bullish and bearish momentum indicator. In addition, it has two proprietary moving average settings that help visualize either a bullish or bearish market condition. When an arrow points up and prices as defined by the close and/or the open and close relationship of each respective time period is above both moving average values, traders can look to take trades from the long side. Inversely when an arrow is pointing down and the close and/or the open and close relationship of each respective time period is below both moving average values, traders can look to take trades from the short side. This aids in determining the trend as the moving averages in an uptrend will act as support and in a downtrend will act as resistance. When combined with Person's Pivots, the PPS study helps to confirm trades against the predetermined support and resistance target levels.

Maybe I'll just play with some different settings and see what I get.

 
 
Market Wizard
virginia
 
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Diamond5 View Post
Thanks FT - I guess maybe I'm over thinking it. I'm not sure what formula is behind the arrows. Would that screenshot be enough for someone to work off of and reverse engineer the indicator? After looking at the description and the indicator options however, I think you are right. I wish I could figure out what the numbers behind it were. If I could, I could probably code it myself.

...

MA(3) for the gold line Pivot Points with John Person - YouTube

 
 
Elite Member
Florida
 
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trendwaves's Avatar
 
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Answer
This post has been selected as an answer to the original posters question Answer

PPS arrow is the 3 EMA by 5 EMA crossover

Be Patient and Trade Smart
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Elite Member
omaha Nebraska
 
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trendwaves View Post
PPS arrow is the 3 EMA by 5 EMA crossover

Amazing. And he charges how much a month for that? I should pay you Trendwaves! Thank you so much.

I spent the weekend coding it (because it takes me 2 days just to get "Hello World" to display in the output box). I compared it to ToS and it's almost spot on. It might be off by a bar or so - most times it fires early which is fine. Makes me think that it might be a 5 SMA. I've attached the code.

BDCEMACrossover.cs will draw a green or red arrow every time the 3 EMA crosses above (green) or below (red). It also plays "Alert2" when the arrow fires so you don't have to babysit it. It will also plot the lines, but the default color is transparent. Enable if you want.

If anyone wants to take a crack at the code to optimize it, I'm sure that there are more efficient ways of doing this.

I also included a Gann study BDCGann.cs that I use as well. These two indicators seem to work pretty good for my trading. My ganns I set for 12 SMA and 5 EMA.

Attached Files
Register to download File Type: cs BDCEMACrossover.cs (9.2 KB, 140 views)
Register to download File Type: cs BDCGann.cs (9.6 KB, 100 views)

Last edited by Diamond5; September 29th, 2014 at 08:05 PM. Reason: Wanted to add the comparison to ToS
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Trading Apprentice
Minneapolis, MN
 
Futures Experience: Intermediate
Platform: ToS
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Not so easy

There is something else in PPS calculation besides EMA (3) and EMA (5).
If you look carefully you can see that simple cross over of EMAs give much more wrong signals than PPS.
I'm trying to implement PPS in TradeStation, so if somebody have any ideas?

Attached Thumbnails
PPS Indicator for NinjaTrader-2014-10-26_22-43-04.jpg  
 
 
Elite Member
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Denischep View Post
There is something else in PPS calculation besides EMA (3) and EMA (5).
If you look carefully you can see that simple cross over of EMAs give much more wrong signals than PPS.
I'm trying to implement PPS in TradeStation, so if somebody have any ideas?

Try WMA of Typical price in place of EMA.

Be Patient and Trade Smart
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Elite Member
Florida
 
Futures Experience: Advanced
Platform: NinjaTrader 8
Favorite Futures: YM, ES, NQ, CL, ZB
 
trendwaves's Avatar
 
Posts: 743 since Dec 2012
Thanks: 2,832 given, 2,449 received


Denischep View Post
There is something else in PPS calculation besides EMA (3) and EMA (5).
If you look carefully you can see that simple cross over of EMAs give much more wrong signals than PPS.
I'm trying to implement PPS in TradeStation, so if somebody have any ideas?

I just happened to be comparing my ninja indicator against the offical TOS indicator this afternoon and see your point. I was able to match almost every arrow exactly using EMA (5) and EMA (9). Using WMA(5) and WMA(9) improves the timelyness of the arrows in many cases (same signal but one or two candles sooner), but using WMA's does plot a couple extra arrows here and there. In using a faster WMA(3) and WMA(5) I am able to speed up the arrow signal by one more candle. This is a personal preference trade-off : get a faster signal (closer to the actual price turning point) using 3 and 5 but at the expense of having more arrows in a narrow range congested market, or go for the closer match of the official PPS with the slower EMA 5 and 9.

Be Patient and Trade Smart
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Trading Apprentice
Minneapolis, MN
 
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trendwaves View Post
I just happened to be comparing my ninja indicator against the offical TOS indicator this afternoon and see your point. I was able to match almost every arrow exactly using EMA (5) and EMA (9). Using WMA(5) and WMA(9) improves the timelyness of the arrows in many cases (same signal but one or two candles sooner), but using WMA's does plot a couple extra arrows here and there. In using a faster WMA(3) and WMA(5) I am able to speed up the arrow signal by one more candle. This is a personal preference trade-off : get a faster signal (closer to the actual price turning point) using 3 and 5 but at the expense of having more arrows in a narrow range congested market, or go for the closer match of the official PPS with the slower EMA 5 and 9.

Thanks,
I will try EMA 5 and 9 in my system.
PPS works really good on gold futures. Unfortunately TOS not the best trading platform for introday trading

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