Pivot points often act as magnets for price action. The Pivot Weighted Moving Average takes those important levels and integrates them as a weighting function into a moving average. Users can choose the level of weighting they would like to use; the higher the weighting level, the more influence the pivot points will have on the moving average. The Pivot Weighted Moving Average is a great tool for determining trend direction and for signaling dynamic support and resistance levels.
Versionshinweise:
Added gradient coloring
Versionshinweise:
Branding and cleaning up code