|
PureBytes Links
Trading Reference Links
|
I have been playing with their (Equis) version for several days now,
here are some observations I have noticed. Their version does
plot the support and resistance values Monday through Friday as
the article describes........but to do this in MetaStock takes away
one of the points that Robert Krausz made in his article. He writes:
"If Friday's close is above or below next week's balance point,
you can anticipate next week's activities."
Since next week's Balance Point is calculated on Friday's close,
I chose to plot next week's close on the Friday, But this is why
they created the "Tendency" indicator.....and I like that.
The Equis version has the "Monday Holiday" error ..... If you wish
to see this, just plot both versions, find where they are different
and then do the (high+low+close)/3 math. Also their Weekly
BP Step plots far below the bars on every chart I have plotted it
on?!?
Best wishes,
Adam Hefner.
VonHef@xxxxxxxxxxxxx
---------------------------------------
-----Original Message-----
From: Christian Baude <BAUDECB@xxxxxxxxxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Cc: Adam Hefner <VonHef@xxxxxxxxxxxxx>
Date: Saturday, January 16, 1999 6:06 PM
Subject: Re: Dynamic Multiple Time Frames
>Equis recently posted the following:
>
>Dynamic Multiple Time Frames - Robert Krausz, TASC Bonus/1999, p.45.
>Equis WEB site
>
>All formulas are written to use daily data. The lines are plotted as
>described in the article, with the fixed lines only changing their
>values on the first day of each week.
>
>A sixth formula, Tendency, was added to indicate which way the price
>will tend to move, based on the relationship between the Friday close
>and the fixed balance point. This formula plots a value on Thursday
>and on Friday just in case Friday is a market holiday. On every
>trading week which includes Friday data, ignore the Thursday value. A
>value of 1 means prices will tend up first and a value of -1 means
>they will tend down
>
>Variables were used in places to simplify the formulas and to allow
>the referencing of certain values in formulas that plot multiple
>lines.
>________________________________________
>Dynamic Balance Point
>
>Ref( HHV(H,5)+LLV(L,5)+C, -1)/3
>_______________________________________
>Dynamic BP Steps
>
>WBPS:= Ref( (HHV(H,5)+LLV(L,5)+C)/3,-1);
>( WBPS + Ref(WBPS,-5) + Ref(WBPS,-10) + Ref(WBPS, -15) +
>Ref(WBPS,-20) ) / 5
>
>________________________________________
>Fixed Balance Point
>
>day:=DayOfWeek();
>FBC:= If(day=1,
>If(BarsSince(day=1)>5,
>Ref( HighestSince(1,day=2,H) + LowestSince(1,day=2,L)+C,-1)/3,
>Ref( HighestSince(1,day=1,H) + LowestSince(1,day=1,L)+C,-1)/3),
>If(day=2 AND Ref(day,-1)>1,
>If(BarsSince(day=1)>5,
>Ref( HighestSince(1,day=2,H) + LowestSince(1,day=2,L)+C,-1)/3,
>Ref( HighestSince(1,day=1,H) + LowestSince(1,day=1,L)+C,-1)/3),0));
>ValueWhen(1,FBC>0,FBC)
>______________________________________
>Support & Resistance
>
>day:=DayOfWeek();
>WR:= If(day=1,
>If(BarsSince(day=1)>5,
>Ref( HighestSince(1,day=2,H) - LowestSince(1,day=2,L),-1),
>Ref( HighestSince(1,day=1,H) - LowestSince(1,day=1,L), -1)),
>If(day=2 AND Ref(day,-1)>1,
>If(BarsSince(day=1)>5,
>Ref( HighestSince(1,day=2,H) - LowestSince(1,day=2,L),-1),
>Ref( HighestSince(1,day=1,H) - LowestSince(1,day=1,L),-1)),0));
>WRV:= ValueWhen(1,WR>0,WR);
>T1:=Fml("Fixed Balance Point") + (WRV*.5);
>T2:=Fml("Fixed Balance Point") + (WRV*.618);
>B1:=Fml("Fixed Balance Point") - (WRV*.5);
>B2:=Fml("Fixed Balance Point") - (WRV*.618);
>T1;
>T2;
>B1;
>B2
>____________________________________________
>Weekly BP Steps
>
>(Peak(1,FmlVar("Fixed Balance Point","FBC"),1) +
>Peak(3,FmlVar("Fixed Balance Point","FBC"),1) +
>Peak(4,FmlVar("Fixed Balance Point","FBC"),1) +
>Peak(5,FmlVar("Fixed Balance Point","FBC"),1) ) / 5
>
>____________________________________________
>Tendency
>{Used to indicate which way the price will tend to move}
>
>If(DayOfWeek()=4 OR DayOfWeek()=5,
>If((HighestSince(1,Cross(3,DayOfWeek()),H)+
>LowestSince(1,Cross(3,DayOfWeek()),L)+C)/3<C,1,-1),0)
>
|