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What is PPS thinkorswim?

What is PPS thinkorswim?

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.

What is the PMC indicator?

The Persons Market Catcher (PMC) is a variation on Relative Strength Comparative Analysis of one market versus the S&P 500 on a percentage change basis. The study uses a moving average component to help identify if there is a trend developing in performance over time.

What are persons pivots?

Description. Person’s Pivots is a variation of the Pivot Points study. Only one support level and one resistance level is plotted. In the bullish market, they are S1 and R2. In the bearish market, they are S2 and R1.

What does On Balance Volume tell you?

On-balance volume (OBV) is a technical indicator of momentum, using volume changes to make price predictions. OBV shows crowd sentiment that can predict a bullish or bearish outcome.

What is price momentum oscillator?

Description. The Momentum Oscillator measures the amount that a security’s price has changed over a given period of time. The Momentum Oscillator is the current price divided by the price of a previous period, and the quotient is multiplied by 100. The result is an indicator that oscillates around 100.

Which pivot points are best for intraday?

Short time frames like 1-minute, 2-minute and 5-minute are the best for pivot point indicator. This makes pivot points more preferable to day traders.

How do you identify a support and resistance indicator?

The best way to identify the target price is to identify the support and resistance points. The support and resistance (S&R) are specific price points on a chart expected to attract the maximum amount of either buying or selling. The support price is a price at which one can expect more buyers than sellers.

What is the best volume indicator?

The best volume indicator used to read a volume in the Forex market is the Chaikin Money Flow indicator (CMF). The Chaikin Money Flow indicator was developed by trading guru Marc Chaikin, who was coached by the most successful institutional investors in the world.

Who is the person’s PIVOT study ( PPS ) indicator?

The Person’s Pivot Study indicator on ThinkorSwim is without a doubt my favorite of all the indicators. It’s easy, it’s effective, and oh, did I mention it’s easy… The PPS study was designed and developed by a man named John Person’s.

When does the PPS signal show a reversal?

Another request – sometime post the PPS buy/sell signal, only after a couple of days later, the PMC indicator is showing the reversal. Maybe the custom scanner can also provide the option to look “backward” in time at the PPS signal. ie., PMC indicator is showing reversal trend, and there is buy/sell PPS signal fired y number of days before.

Can a custom Scanner look back at the PPS signal?

Maybe the custom scanner can also provide the option to look “backward” in time at the PPS signal. ie., PMC indicator is showing reversal trend, and there is buy/sell PPS signal fired y number of days before. I know it is pretty complicated, however, I am sure many will benefit from this.

When to use PPS and PMC scanners together?

Good evening Pete. Is there a simple way to integrate PMC and PPS together into a scan where the following occurs. If you’re bullish, alert only occurs when: PPS buy signal ONLY when PMC is purple or cyan. If you’re bearish, alert only occurs when: PPS sell signal ONLY when PMC is dark blue or red.