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pivXmas
pivXmas is a combined Moving Average based indicator.
pivXmas adds the following graphic functionalities to your chart:
- Adjustable Pivot-Bands with optional up-down-colored Middle-Line
- 4 Simple Moving Averages and/or 4 Exponential Moving Averages
OR an 8-segment Moving Average Ribbon
The Pivot-Bands are calculated by using time-spreaded averaged Lows and Highs.
The Length of the basic number of periods can be modified.
The brightness of all Pivot-Bands elements can be adjusted with one single control and a choice between
different color schemes is provided for convenience.
The Pivot-Bands Exponentialty can be set from 0 (Simple Moving Average) to 100 (Exponential Moving Average).
Furthermore, the Pivot-Bands Distance, the space between the upper and lower band, can be altered.
Depending on the timeframe, settings and other signals, part of a typical trading strategy could consist of
a long/buy when the price crosses the lower band from below back into the bands-range and a short/sell when
the price crosses the upper band from above back into the bands-range.
Roughly following the Middle Line curve and color also gives a good insight whether something is in an uptrend,
downtrend or in between.
The brightness of all Moving Averages can be adjusted with one single control.
The length and appearance for each Moving Average, 4 SMA's and 4 EMA's, can be modified individually.
The MA-Ribbon can be set to use simple or exponential Moving Averages. The MA-Ribbon uses the SMA/EMA 4 length
as the maximum length and the SMA/EMA 4 length divided by 8 (rounded) as the minimum length.
The MA-Ribbon consists of 8 subsequent Moving Averages. Color filling can be switched on and off.
Books have been written and many articles and videos have been made about the meaning and possible applications
of Moving Averages in trading.
A combination of these functions within pivXmas, together with the simple, yet quite usefull, visual options,
make it to a versatile indicator on every timeframe on any chart.
pivXmas adds the following graphic functionalities to your chart:
- Adjustable Pivot-Bands with optional up-down-colored Middle-Line
- 4 Simple Moving Averages and/or 4 Exponential Moving Averages
OR an 8-segment Moving Average Ribbon
The Pivot-Bands are calculated by using time-spreaded averaged Lows and Highs.
The Length of the basic number of periods can be modified.
The brightness of all Pivot-Bands elements can be adjusted with one single control and a choice between
different color schemes is provided for convenience.
The Pivot-Bands Exponentialty can be set from 0 (Simple Moving Average) to 100 (Exponential Moving Average).
Furthermore, the Pivot-Bands Distance, the space between the upper and lower band, can be altered.
Depending on the timeframe, settings and other signals, part of a typical trading strategy could consist of
a long/buy when the price crosses the lower band from below back into the bands-range and a short/sell when
the price crosses the upper band from above back into the bands-range.
Roughly following the Middle Line curve and color also gives a good insight whether something is in an uptrend,
downtrend or in between.
The brightness of all Moving Averages can be adjusted with one single control.
The length and appearance for each Moving Average, 4 SMA's and 4 EMA's, can be modified individually.
The MA-Ribbon can be set to use simple or exponential Moving Averages. The MA-Ribbon uses the SMA/EMA 4 length
as the maximum length and the SMA/EMA 4 length divided by 8 (rounded) as the minimum length.
The MA-Ribbon consists of 8 subsequent Moving Averages. Color filling can be switched on and off.
Books have been written and many articles and videos have been made about the meaning and possible applications
of Moving Averages in trading.
A combination of these functions within pivXmas, together with the simple, yet quite usefull, visual options,
make it to a versatile indicator on every timeframe on any chart.
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