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Fibonacci Trader - Fixed Balance Point andOverbought / Oversold Exploration for Metastock
johnny11
about 14 years ago
Metastock

Rating:
5 / 5 (Votes 1)
Tags:
metastock, exploration

i came accross this formula from the net no developer mention

but any way thanks and credits belongs to you…

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Indicator / Formula

Copy & Paste Friendly
Fibonacci Trader - Fixed Balance Point

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;

OB/OS Summation
RSI(25)+Stoch(25,3)+Mo(25)+CCI(25) 

Overbought / Oversold Exploration 
Col A: CLOSE 
Col B: Fml("OB/OS Summation") 
Filter: Fml("OB/OS Summation") > 450 OR Fml("OB/OS Summation") < -50

1 comments

1. dime

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