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Pivot point moving averages

  • #1
  • First Post: Jun 13, 2009 6:54pm Jun 13, 2009 6:54pm
Is anyone utilizing pivot point moving averages? I don't rely on indicators any more than as a confirmer, but I have found that plotting a 21 period pivot point average against a 21 period EMA (of the closing price) and noting the cross is quite helpful at identifying possible turning points in the market. Just curious if anyone else does this. Throw it on a chart and check it out. I use mainly 5 and 10M but they are helpful on every time, especially when the angle coincides with market movement. Thoughts?
There's always money in the banana stand.
  • #2
  • Jun 17, 2009 7:59pm Jun 17, 2009 7:59pm
No one has checked this out. Interesting. I find it quite a useful confirmer in many situations. Easy to plot on netdania.
There's always money in the banana stand.
  • #3
  • Jul 7, 2009 1:37pm Jul 7, 2009 1:37pm
Quoting LizardGizzard
Is anyone utilizing pivot point moving averages? I don't rely on indicators any more than as a confirmer, but I have found that plotting a 21 period pivot point average against a 21 period EMA (of the closing price) and noting the cross is quite helpful at identifying possible turning points in the market. Just curious if anyone else does this. Throw it on a chart and check it out. I use mainly 5 and 10M but they are helpful on every time, especially when the angle coincides with market movement. Thoughts?
Hi LizardGizzard

I am really interested in this. Can you or anyone else teach me how to make a pivot point MA.

Cheers
  • #4
  • Jul 7, 2009 2:20pm Jul 7, 2009 2:20pm
Depending on your platform, it may already be an option. Just take the high, low and close and divide by three. Then set the number of lookback periods to plot your average. Presto. I find it sometimes useful in conjunction with a 21 EMA for confirmation.
There's always money in the banana stand.
  • #5
  • Jul 16, 2009 1:23am Jul 16, 2009 1:23am
Quoting pjpipster
Hi LizardGizzard

I am really interested in this. Can you or anyone else teach me how to make a pivot point MA.

Cheers
Place a Moving Average and in the property "Apply to" select "Typical Price".

Hope this helps.
  • #6
  • Sep 3, 2009 4:42pm Sep 3, 2009 4:42pm
Depending on how you calculate them is up to you. Central pivots point is already in metatrader you could say...(H+L+C)/3
  • #7
  • Sep 25, 2009 12:18am Sep 25, 2009 12:18am
what is the significance of 21? does it correspond to the daily pivot? looks insteresting, but how do you use it exactly. if price is below the daily pivot then only take the sell crossovers?
  • #8
  • Last Post: Sep 25, 2009 2:33am Sep 25, 2009 2:33am
Quoting sed34
what is the significance of 21? does it correspond to the daily pivot? looks insteresting, but how do you use it exactly. if price is below the daily pivot then only take the sell crossovers?
I think 21 is the average amount of working days in the month so this would be rolling monthly pivot.
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