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I forgot to mention that I programmed this for end-of-day and not for
intraday use.
Best wishes,
Adam Hefner.
VonHef@xxxxxxxxxx
-------------------------------------
-----Original Message-----
From: Chuck Wemlinger <yeti@xxxxxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Tuesday, January 05, 1999 1:00 AM
Subject: Re: Dynamic Multiple Time Frames
>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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