

Fibonacci Trader  Dynamic Multiple Time Frame 


Dynamic Multiple Time Frame Indicator Explanation of the Dynamic Multiple Time
Frame Indicator by the author, Adam Hefner: "The Fixed Balance Point is calculated every Friday by taking the weekly (high+low+close)/3. It really doesn't need to be plotted, but is mostly used to base the other indicators from.
The Fixed Balance Point Step, is a 5 week average of the Fixed Balance Point.
The Dynamic Balance Point is the daily update of the Fixed Balance Point.
The Dynamic Balance Point Step is the daily update of the Fixed BalancePoint Step.
Robert Krausz teaches that by watching the balance point calculations of the longer (weekly) time, you have the market direction (trend) for the shorter (daily) time. He also revealed that the when the Dynamic Balance Point is above the Dynamic Balance Point Step, then the trend is up, and oppositeis true for down trend. I have found that these act in much the same way as a 5/25 moving average crossover system. I like the Fibonacci Support & Resistance best of all, seems (IMHO)that these support/resistance areas are very easy to visualize using thisformula."


FTDBP
dt:=DayOfWeek();
DBC:=(HighestSince(5,DayOfWeek()=dt,H)+
LowestSince(5,DayOfWeek()=dt,L)+CLOSE)/3;
DBC


FTDynamic Balance Point Step
DPS:=(ValueWhen(1,FmlVar("FTDBP","DBC"),
FmlVar("FTDBP","DBC"))+
ValueWhen(5,FmlVar("FTDBP","DBC"),
FmlVar("FTDBP","DBC"))+
ValueWhen(10,FmlVar("FTDBP","DBC"),
FmlVar("FTDBP","DBC"))+
ValueWhen(15,FmlVar("FTDBP","DBC"),
FmlVar("FTDBP","DBC"))+
ValueWhen(20,FmlVar("FTDBP","DBC"),
FmlVar("FTDBP","DBC")))/5;
DPS;


Fibonacci Trader  Fixed Balance Point  REVISED NOTE: under Color/Style options, change plot to last "style" option  revised 1 Jan 99. 

FTFBP
Mc1:=BarsSince(DayOfWeek()=1);
Fc1:=BarsSince(DayOfWeek()=5);
Fc2:=Ref(BarsSince(DayOfWeek()=5),1)1;
{Fixed Balance Point Calculation}
FBC:=If(Mc1=0 AND Fc1>2,
{then}(Ref(HHV(H,LastValue(mc1)),1)+
Ref(LLV(L,LastValue(Mc1)),1)+
Ref(C,1))/3,
{else}If(Fc1=0 AND Mc1>5,
{then}(HHV(H,LastValue(Fc2))+
LLV(L,LastValue(Fc2))+C)/3,
{else}If(Fc1=0,
{then}(HHV(H,LastValue(Mc1))+
LLV(L,LastValue(Mc1))+C)/3,
{else}0)));
{Fixed Balance Point Plot}
FBP:=ValueWhen(1,FBC>0,FBC);
FBP;


FTFixed Balance Point Step
FPS:=(ValueWhen(1,FmlVar("FTFBP","FBC")>0,
FmlVar("FTFBP","FBC")) +
ValueWhen(2,FmlVar("FTFBP","FBC")>0,
FmlVar("FTFBP","FBC")) +
ValueWhen(3,FmlVar("FTFBP","FBC")>0,
FmlVar("FTFBP","FBC")) +
ValueWhen(4,FmlVar("FTFBP","FBC")>0,
FmlVar("FTFBP","FBC")) +
ValueWhen(5,FmlVar("FTFBP","FBC")>0,
FmlVar("FTFBP","FBC")))/5;
FPS




NOTE: under Color/Style options, change plot to last "style" option. 

FTWeekly Price Range Calculation
Mc1:=BarsSince(DayOfWeek()=1);
Fc1:=BarsSince(DayOfWeek()=5);
Fc2:=Ref(BarsSince(DayOfWeek()=5),1)1;
WRC:=If(Mc1=0 AND Fc1>2,
{then}Ref(HHV(H,LastValue(mc1)),1)
Ref(LLV(L,LastValue(Mc1)),1),
{else}If(Fc1=0 AND Mc1>5,
{then}HHV(H,LastValue(Fc2))
LLV(L,LastValue(Fc2)),
{else}If(Fc1=0,
{then}HHV(H,LastValue(Mc1))
LLV(L,LastValue(Mc1)),
{else}0)));
WRP:=ValueWhen(1,WRC>0,WRC);
{Resistance Range}
RR1:= FmlVar("FTFBP","FBP")+(WRP*.5);
RR2:= FmlVar("FTFBP","FBP")+(WRP*.618);
{Support Range}
SR1:= FmlVar("FTFBP","FBP")(WRP*.5);
SR2:= FmlVar("FTFBP","FBP")(WRP*.618);
{Plot Ranges}
RR1;
RR2;
SR1;
SR2;




Source / From: 
TOP 
http://www.guppytraders.com 

