Triple Pivot Moving Average
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Description
- This indicator uses three moving averages, one short, one medium, and one long. The idea is to trade long when the short moving average is higher than the medium moving average and the medium moving average is higher than the long moving average. When the short moving average is back below the medium moving average, you should exit. The reverse is true for short trades.
Key Features
- For the reasons mentioned above, unlike the Dual Moving Average indicator, this indicator does not always keep you in the market. The indicator recommends you stay out of the market when the relationship between the short MA and medium MA does not match the relationship between the medium MA and long MA.
