Re Multiple Time Frames

["Ugo Nwaozuzu" <ugo_nwaozuzu@xxxxxxxxxxx>]

A while ago I mailed to the list regarding multiple time-frames.I got a few 
suggestions.Some worked but most did not.Thanks to Glen Wallace,Craig Monroe 
and mike"mtg" for their comments.

Not so long ago,I got codes for "Dynamic Multiple Time Frames" from the
Equis website and some modification of those by a certain Adam Hefner(on
the Guppy website).

The formulas essentially do the following:
                Using daily data,
             1. extract the weekly high,weekly low,weekly close and
                weekly range,
             2. use the extractions to calculate the weekly balance
                points and weekly supports and resistances,
             3. plot these lines on a daily chart.

The coding is reproduced below.
----------------------------------------------------
Dw:=If(DayOfWeek()<=Ref(DayOfWeek(),-1),1,0);
Wt:=If(Dw=1,Ref(HighestSince(1,Dw=1,H),-1)+
    Ref(LowestSince(1,Dw=1,L),-1)+Ref(C,-1))/3,0);
Wh:=If(Dw=1,Ref(HighestSince(1,Dw=1,H),-1),0);
Wl:=If(Dw=1,Ref(LowestSince(1,Dw=1,L),-1),0);
Wr:=ValueWhen(1,Wh>0,Wh)-ValueWhen(1,Wl>0,Wl);
DwP:=ValueWhen(1,Wt>0,Wt);
Rs1:=DwP+(Wr*0.5);
Rs2:=DwP+(Wr*0.618);
Sp1:=Dwp-(Wr*0.5);
Sp2:=DwP-(Wr*0.618);
Rs2;
Rs1;
Sp1;
Sp2
------------------------------------------------------


Now,these do work(with a few qirks,but never mind).

So I have been trying to adapt these for chart plots on a lower time
frame.The intention is to:Use hourly data ,
                         1.extract the daily high,daily low,daily close
                           and daily range,
                         2.use these extractions to calculate the daily
                           balance points,daily supports and resistances,
                         3.plot the lines on an hourly chart.

I have tried to do this by a)substituting daily bars with hourly
                             bars(duh!),
                           b)using hour() functions instead of
                             DayOfWeek() functions,
                           c)using no. of trading hours in a day
                             for the instrument(7)instead of the no.
                             of days in a week(5).

But nothing works .Obviously two months is not enough to understand the
intricaces of Metastock formula coding.

Can somebody give me a hand with this thing ,or tell me where I can get
equivalent coding.

Ugo

end












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