Mnikolic Investment Technologies
intelligent investment technologies™
Mnikolic Investment Technologies
intelligent investment technologies™
Version 1.12 of the PivotBuilder Personal Trading Suite has been released, featuring a momentum weighing coefficient and technical enhancements.

MOMENTUM WEIGHING
PivotBuilder's Trigger line, the primary line used for pivot crossover signals, has been expanded to include a momentum weighing option. This option, controlled via Trigger_Momentum_Weighing parameter, applies a momentum-gauging coefficient to the Trigger line. It incorporates underlying (cumulative) and real-time (typically thrust) momentum into Trigger line calculations, which can make it diverge from actual price direction. Momentum weighing can eliminate false signals (or provide early entry/exit), especially on lower time frames where momentum play is big (higher time frames are more trend-delineated).

The screenshot below demonstrates PivotBuilder v1.12's momentum weighing feature in action. Green line represents the Trigger line with momentum weighing applied while red is the same trigger line with momentum disabled. Featured market: Apple Inc. (NASDAQ: AAPL) post 7:1 split, 60-minute chart.



A PivotBuilder auto-trading (Strategy) workspace based on v1.12's momentum weighing feature will be added to the user downloads area by the end of this week.

Furthermore, v1.12 improves technical performance within all 7 add-ons: Indicator, ShowMe (Alert in MultiCharts), Function, Long-Entry (LE), Long-Exit (LX), Short-Entry (SE), Short-Exit (SX).

PivotBuilder's manual has been revised (section 4.4.1 in particular), and now covers Momentum Weighing.

EXISTING CLIENTS

  • Version 1.12 framework, like prior upgrades, is free to all existing PivotBuilder license holders.
DOWNLOAD VERSION V1.12

NEW CUSTOMERS

  • If you are interested in purchasing PivotBuilder, please visit the official store page below.
PURCHASE PIVOTBUILDER

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