Moving Mean TPO

Moving Mean TPO

Whereas a simple moving average (SMA) typically only reference the arithmetic mean of the last N bar closes, this indicator allows you to reference the entire price range of the bar, i.e. the time price opportunities (TPO).

Indicator Description

We thereby arrive at the Moving Mean TPO, referencing each price point of the bars in the lookback period according to the arithmetic mean calculation.

The Moving Mean TPO is available for NinjaTrader 8 and the library also features the Moving Mode TPO, Moving Median TPO, Moving Mode VWTPO, Moving Mean VWTPO and the Moving Median VWTPO.