Person Pivots, PPS and PMC indicators

[chenthy]

Hi,
Is there anyone out there using these Person indicators in ToS? If yes, do you find them useful?

 

[markos]

Hi,
Is there anyone out there using these Person indicators in ToS? If yes, do you find them useful?

Hi @chenthy in case no one answers. I don't know of anyone that 'regularly' uses Persons stuff. Neither good nor bad, just so many to choose from.
Have you looked at the code to see what they do? That's how I try to see where something might suit me. Put them on a chart and live with them for a while and use the lower indicator boxes with something you're familiar with to compare. Hope that helps, Markos
Also, Google is your friend. If it was first published in TASC, the Universe of Thinkscript in Tutorials has all of them, dating back many years.

 

[dougn]

May be quite late but I do happen to have PPS/PMC built into a study that also can be used as a scan. I tried to install it as a watchlist column but lack the skill to eliminate "Nan's" ...

input xDays = 1;
def ppsBuy = PPS().BuySignal;
def ppsSell = PPS().SellSignal;
def buy = !IsNaN(ppsBuy);
def sell = !IsNaN(ppsSell);
def pmcDiff = PMC().Diff;
def pmcMA = PMC().DiffMA;
def lightBlue = pmcDiff > 0 and pmcDiff > pmcMA;
def darkBlue = pmcDiff > 0 and pmcDiff < pmcMA; def red = pmcDiff < 0 and pmcDiff < pmcMA; def magenta = pmcDiff < 0 and pmcDiff > pmcMA;
def confirmDaysBullish = (Sum(lightBlue, xDays) + Sum(magenta, xDays)) >= xDays;
def confirmDaysBearish = (Sum(red, xDays) + Sum(darkBlue, xDays)) >= xDays;
def confirmedBuy = buy and confirmDaysBullish;
def confirmedSell = sell and confirmDaysBearish;
def buyWithReversal = magenta[1] and lightBlue and Highest(buy, xDays) > 0;
def sellWithReversal = lightBlue[1] and red and Highest(sell, xDays) > 0;
# use this to scan for PPS buy signals that follow bullish PMC
plot scan = confirmedBuy;
# use this to scan for PPS sell signals that follow bearish PMC
#plot scan = confirmedSell;
# use this to scan for bullish PMC reversals that follow a PPS buy
#plot scan = buyWithReversal;
# use this to scan for bearish PMC reversals that follow a PPS sell
#plot scan = sellWithReversal;

 

[skynetgen]

I am using "Pivot Points" from TOS. its some fort of HL/2 fib of previous day levels(reverse engineered it once) . Its works reasonable well as additional R/S level check but not by itself (basically I use it as excuse to take profit nearby and it works well)

 

[IreneLye]

Hi Dougn, is the abovre fot TOS? thks!

 

[dougn]

Yes

 

[IreneLye]

thanks very much.. I

 

[JerryR]

Dougn, Thank you for posting the code. Much appreciated!

 

[dougn]

I have since acquired a column that seems to work fine. PPS may not be the holy grail but it sure can help alert you to potential reversals in any time frame.

###### PPS ###############################
def xDays = 1;
def ppsBuy = PPS().BuySignal;
def buy = !IsNaN(ppsBuy);
def ppsSell = PPS().SellSignal;
def sell = !IsNaN(ppsSell);

plot value =
         if buy then 4
    else if sell then 1
    else 0;
value.assignValueColor(
         if value == 4 then color.light_green
    else if value == 1 then color.dark_red
    else color.black);
assignBackgroundColor(
         if value == 4 then color.light_green
    else if value == 1 then color.dark_red
    else color.black);
##########################################