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<DIV>Adam,</DIV>
<DIV> </DIV>
<DIV>I'm not real sure but should the below reference line
"<<<<This line" be:</DIV>
<DIV> </DIV>
<DIV> {then}(HighestSince(<FONT color=#000000 face=Arial
size=3><STRONG>1</STRONG></FONT>,DayOfWeek()=1,H)+</DIV>
<DIV> </DIV>
<DIV>ie. with a 1 rather than a 2?</DIV>
<DIV> </DIV>
<DIV>Chuck </DIV>
<DIV><FONT face=Arial size=2>-----Original Message-----<BR>From: Adam Hefner
<VonHef@xxxxxxxxxx><BR>To: <A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A> <<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>><BR>Date:
Tuesday, January 05, 1999 9:07 PM<BR>Subject: Re: Dynamic Multiple Time
Frames<BR><BR></DIV></FONT>>Here is an update to one of the formula's to
compensate for<BR>>missing trade periods (Holiday's).<BR>><BR>>name:
FT-FBP<BR>><BR>> {Fibonacci Trader - Fixed Balance
Point}<BR>> {NOTE: under Color/Style options,
change<BR>> plot to last
"style" option}<BR>><BR>> {Fixed Balance Point
Calculation}<BR>>FBC:=If(DayOfWeek()=1 AND
Ref(DayOfWeek(),-1)<BR>>
<5,<BR>>
{then}(HighestSince(2,DayOfWeek()=1,H)+
<<<<<<<This
line<BR>>
LowestSince(1,DayOfWeek()=1,L)+<BR>>
CLOSE)/3,<BR>>
{else}If(DayOfWeek()=5,<BR>>
{then}(HighestSince(1,DayOfWeek()=1,H)+<BR>>
LowestSince(1,DayOfWeek()=1,L)+<BR>>
CLOSE)/3,<BR>>
{else}0));<BR>> {Fixed Balance Point
Plot}<BR>>FBP:=ValueWhen(1,FBC>0,FBC);<BR>>FBP<BR>><BR>>
Best wishes,<BR>> Adam Hefner.<BR>> <A
href="mailto:VonHef@xxxxxxxxxx";>VonHef@xxxxxxxxxx</A><BR>><BR>>-------------------------------------<BR>>-----Original
Message-----<BR>>From: Chuck Wemlinger <<A
href="mailto:yeti@xxxxxxxxxxxxxxx";>yeti@xxxxxxxxxxxxxxx</A>><BR>>To: <A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A> <<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>><BR>>Date:
Tuesday, January 05, 1999 1:00 AM<BR>>Subject: Re: Dynamic Multiple Time
Frames<BR>><BR>><BR>>>Adam,<BR>>><BR>>>Gee,
thanks. I was just working on this and along comes your e-mail.
I'll<BR>>>check it out
tomorrow.<BR>>><BR>>>Chuck<BR>>><BR>>>-----Original
Message-----<BR>>>From: Adam Hefner <<A
href="mailto:VonHef@xxxxxxxxxx";>VonHef@xxxxxxxxxx</A>><BR>>>To:
MetaStock <<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>><BR>>>Date:
Monday, January 04, 1999 9:56 PM<BR>>>Subject: Dynamic Multiple Time
Frames<BR>>><BR>>><BR>>>>In the 1999 Bonus Issue of TASC
the article by Robert Krausz named<BR>>>>"Dynamic Multiple Time
Frames", he describes a method of using<BR>>>>different time
frames to determine trends. In the section he
calls<BR>>>>"Fibonacci Trader" he reveals how to calculate
different indicators<BR>>>>he calls "Balance Points" I have
coded my interpretation of his<BR>>indicators,<BR>>>>please
examine.....and let me know if the logic is
correct.<BR>>>><BR>>>>name: FT-S&R<BR>>>>
{Fibonacci Trader- Support & Resistance}<BR>>>> {NOTE: under
Color/Style options,
change<BR>>>> plot to
last "style" option}<BR>>>><BR>>>> {Weekly Price
Range
Calculation}<BR>>>>WRC:=If(DayOfWeek()>=5,<BR>>>>
{then}HighestSince(1,DayOfWeek()=1,H)-<BR>>>>
LowestSince(1,DayOfWeek()=1,L),<BR>>>>
{else}0);<BR>>>>WRP:=ValueWhen(1,WRC>0,WRC);<BR>>>>
{Resistance Range}<BR>>>>RR1:=
FmlVar("FT-FBP","FBP")+(WRP*.5);<BR>>>>RR2:=
FmlVar("FT-FBP","FBP")+(WRP*.618);<BR>>>> {Support
Range}<BR>>>>SR1:=
FmlVar("FT-FBP","FBP")-(WRP*.5);<BR>>>>SR2:=
FmlVar("FT-FBP","FBP")-(WRP*.618);<BR>>>> {Plot
Ranges}<BR>>>>RR1;<BR>>>>RR2;<BR>>>>SR1;<BR>>>>SR2;<BR>>>><BR>>>>name:
FT-FBP<BR>>>> {Fibonacci Trader - Fixed Balance
Point}<BR>>>> {NOTE: under Color/Style options,
change<BR>>>>
plot to last "style" option}<BR>>>><BR>>>> {Fixed
Balance Point
Calculation}<BR>>>>FBC:=If(DayOfWeek()=5,<BR>>>>
{then}(HighestSince(1,DayOfWeek()=1,H)+<BR>>>>
LowestSince(1,DayOfWeek()=1,L)+<BR>>>>
CLOSE)/3,<BR>>>> {else}0);<BR>>>> {Fixed
Balance Point
Plot}<BR>>>>FBP:=ValueWhen(1,FBC>0,FBC);<BR>>>>FBP<BR>>>><BR>>>>name:
FT-DBP<BR>>>> {Fibonacci Trader - Dynamic Balance
Point}<BR>>>> {Dynamic Balance Point
Calculation}<BR>>>>dt:=DayOfWeek();<BR>>>>DBC:=(HighestSince(5,DayOfWeek()=dt,H)+<BR>>>>
LowestSince(5,DayOfWeek()=dt,L)+CLOSE)/3;<BR>>>>DBC;<BR>>>><BR>>>>name:
FT-FBPS<BR>>>> {Fibonacci Trader-Fixed Balance Point
Step}<BR>>>>FPS:=(ValueWhen(1,FmlVar("FT-FBP","FBC")>0,<BR>>>>
FmlVar("FT-FBP","FBC"))
+<BR>>>>
ValueWhen(2,FmlVar("FT-FBP","FBC")>0,<BR>>>>
FmlVar("FT-FBP","FBC"))
+<BR>>>>
ValueWhen(3,FmlVar("FT-FBP","FBC")>0,<BR>>>>
FmlVar("FT-FBP","FBC"))
+<BR>>>>
ValueWhen(4,FmlVar("FT-FBP","FBC")>0,<BR>>>>
FmlVar("FT-FBP","FBC"))
+<BR>>>>
ValueWhen(5,FmlVar("FT-FBP","FBC")>0,<BR>>>>
FmlVar("FT-FBP","FBC")))/5;<BR>>>>FPS<BR>>>><BR>>>>name:
FT-DBPS<BR>>>> {Fibonacci Trader-Dynamic Balance Point
Step}<BR>>>>DPS:=(ValueWhen(1,FmlVar("FT-DBP","DBC"),<BR>>>>
FmlVar("FT-DBP","DBC"))+<BR>>>>
ValueWhen(5,FmlVar("FT-DBP","DBC"),<BR>>>>
FmlVar("FT-DBP","DBC"))+<BR>>>>
ValueWhen(10,FmlVar("FT-DBP","DBC"),<BR>>>>
FmlVar("FT-DBP","DBC"))+<BR>>>>
ValueWhen(15,FmlVar("FT-DBP","DBC"),<BR>>>>
FmlVar("FT-DBP","DBC"))+<BR>>>>
ValueWhen(20,FmlVar("FT-DBP","DBC"),<BR>>>>
FmlVar("FT-DBP","DBC")))/5;<BR>>>>DPS;<BR>>>><BR>>>>
Best wishes,<BR>>>> Adam
Hefner.<BR>>>> <A
href="mailto:VonHef@xxxxxxxxxx";>VonHef@xxxxxxxxxx</A><BR>>>><BR>>>>-------------------------------------<BR>>>><BR>>>><BR>>><BR>>><BR>><BR>></BODY></HTML>
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Subject: Re: Jim Greening Trading Channels
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Jim,
Thanks for the reply. Your advice and assistance is greatly appreciated.
> Benzie,
> I don't know if you saw my building block posts on how I construct my
> trend channels and set my targets and stops or not. I'll copy them below.
> First of all you need a least a couple of weeks data to construct the
> channel. For long positions, I will move the end point to the right
> whenever there is a new high for the channel. If a new high isn't made
> during the day, I don't change the channel. Therefore, the price moving
> up will affect the channel, but the price moving down won't. However, I
> do look at the channel every night and change the target and stop based on
> where the next trading days data would plot. I only move the targets and
> stops up in whole number increments with the target always being a whole
> number and the stop always being a x 3/4 number. In theory, you should
> never lower a target or stop, but I do cheat occasionally <G>.
>
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