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Adam,
Gee, thanks. I was just working on this and along comes your e-mail. I'll
check it out tomorrow.
Chuck
-----Original Message-----
From: Adam Hefner <VonHef@xxxxxxxxxx>
To: MetaStock <metastock@xxxxxxxxxxxxx>
Date: Monday, January 04, 1999 9:56 PM
Subject: Dynamic Multiple Time Frames
>In the 1999 Bonus Issue of TASC the article by Robert Krausz named
>"Dynamic Multiple Time Frames", he describes a method of using
>different time frames to determine trends. In the section he calls
>"Fibonacci Trader" he reveals how to calculate different indicators
>he calls "Balance Points" I have coded my interpretation of his indicators,
>please examine.....and let me know if the logic is correct.
>
>name: FT-S&R
> {Fibonacci Trader- Support & Resistance}
> {NOTE: under Color/Style options, change
> plot to last "style" option}
>
> {Weekly Price Range Calculation}
>WRC:=If(DayOfWeek()>=5,
> {then}HighestSince(1,DayOfWeek()=1,H)-
> LowestSince(1,DayOfWeek()=1,L),
> {else}0);
>WRP:=ValueWhen(1,WRC>0,WRC);
> {Resistance Range}
>RR1:= FmlVar("FT-FBP","FBP")+(WRP*.5);
>RR2:= FmlVar("FT-FBP","FBP")+(WRP*.618);
> {Support Range}
>SR1:= FmlVar("FT-FBP","FBP")-(WRP*.5);
>SR2:= FmlVar("FT-FBP","FBP")-(WRP*.618);
> {Plot Ranges}
>RR1;
>RR2;
>SR1;
>SR2;
>
>name: FT-FBP
> {Fibonacci Trader - Fixed Balance Point}
> {NOTE: under Color/Style options, change
> plot to last "style" option}
>
> {Fixed Balance Point Calculation}
>FBC:=If(DayOfWeek()=5,
> {then}(HighestSince(1,DayOfWeek()=1,H)+
> LowestSince(1,DayOfWeek()=1,L)+
> CLOSE)/3,
> {else}0);
> {Fixed Balance Point Plot}
>FBP:=ValueWhen(1,FBC>0,FBC);
>FBP
>
>name: FT-DBP
> {Fibonacci Trader - Dynamic Balance Point}
> {Dynamic Balance Point Calculation}
>dt:=DayOfWeek();
>DBC:=(HighestSince(5,DayOfWeek()=dt,H)+
> LowestSince(5,DayOfWeek()=dt,L)+CLOSE)/3;
>DBC;
>
>name: FT-FBPS
> {Fibonacci Trader-Fixed Balance Point Step}
>FPS:=(ValueWhen(1,FmlVar("FT-FBP","FBC")>0,
> FmlVar("FT-FBP","FBC")) +
> ValueWhen(2,FmlVar("FT-FBP","FBC")>0,
> FmlVar("FT-FBP","FBC")) +
> ValueWhen(3,FmlVar("FT-FBP","FBC")>0,
> FmlVar("FT-FBP","FBC")) +
> ValueWhen(4,FmlVar("FT-FBP","FBC")>0,
> FmlVar("FT-FBP","FBC")) +
> ValueWhen(5,FmlVar("FT-FBP","FBC")>0,
> FmlVar("FT-FBP","FBC")))/5;
>FPS
>
>name: FT-DBPS
> {Fibonacci Trader-Dynamic Balance Point Step}
>DPS:=(ValueWhen(1,FmlVar("FT-DBP","DBC"),
> FmlVar("FT-DBP","DBC"))+
> ValueWhen(5,FmlVar("FT-DBP","DBC"),
> FmlVar("FT-DBP","DBC"))+
> ValueWhen(10,FmlVar("FT-DBP","DBC"),
> FmlVar("FT-DBP","DBC"))+
> ValueWhen(15,FmlVar("FT-DBP","DBC"),
> FmlVar("FT-DBP","DBC"))+
> ValueWhen(20,FmlVar("FT-DBP","DBC"),
> FmlVar("FT-DBP","DBC")))/5;
>DPS;
>
> Best wishes,
> Adam Hefner.
> VonHef@xxxxxxxxxx
>
>-------------------------------------
>
>
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