OPEN-SOURCE SCRIPT

Pivot-Point Weighted Moving Average

2 323
The Pivot-Point Weighted MA is very different from other weighted MAs, in the sense that the price weights can achieve negative values. For an example, if a length of 21 is used, the pivot point will be calculated as 13, meaning that the 13th prior candle will have 0 weight, and all prices before it will have a negative weight on the sum, so their impact is reversed rather than just unweighted.

The intent of this is to reduce lag by front-loading the prices. It works better in cyclic markets, and with a longer length, where the inflection point (the one with 0 weight) is aligned with the cyclic turn.

You can configure where the weight starts. If you leave it as 0, it will start with floor(length * 0.66) - 1.

כתב ויתור

המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.