Fibonacci Trader - Fixed Balance Point andOverbought / Oversold Exploration for Metastock
i came accross this formula from the net no developer mention
but any way thanks and credits belongs to you…
Tags: metastock, exploration
Submitted by johnny11 over 2 years ago
Submitted by johnny11 over 2 years ago
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Formula
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
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