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 indicator is available for NinjaTrader 8.