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Dynamic Multiple Time Frames
Here are the formulas described in the 1999 bonus issue of "Technical Analysisof
Stocks & Commodities" magazinein the article "Dynamic Multiple Time Frames", p 45. All formulas arewritten to use daily data.

The lines are plotted as described in the article, with the fixed linesonly changing their values on the first day of each week. A sixth formula, Tendency, was added to indicate which way the pricewilltend to move, based on the relationship between the Friday close and the fixed balancepoint. This formula plots a value on Thursday and on Friday just in case Fridayis a market holiday. On every trading week which includes Friday data, ignore the Thurs day value. A value of 1 means prices will tend up first and a value of -1 meanstheywill 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,
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,
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,
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,
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(2,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

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)

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