Dynamic multiple time frames

Dynamic multiple time frames
Here's the formula described in 1999 bonus issue of "Technical Analysis of Stock and Commodities" magazine in the article "Dynamic multiple time frames", p. 45. All formulas are written to use daily data. The lines are planned as described in the article, fixed lines just change the values â â on the first day of each week.
Sixth formula, aspirations, was added to show which way the price will tend to move based on the relationship between Friday and near the fixed point equilibrium. This formula plots the value on Thursday and Friday, just in case Friday is a holiday market. The weekly trading Friday that includes data, ignore the value on Thursday. A value of 1 means prices will tend to the first and the value to -1 means that they will tend downwards
Variables were used in places to simplify and formulas to allow referencing of specific values â â in the formulas that more plot 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 Point Balance
day: = DayOfWeek ();
FBC: = If (day = 1,
If (BarsSince (day = 1)> 5
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
If (BarsSince (day = 1)> 5
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 and resistance
day: = DayOfWeek ();
WR: = If (day = 1,
If (BarsSince (day = 1)> 5
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
If (BarsSince (day = 1)> 5
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 = (a, 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) +
Top (3, FmlVar ("Fixed Balance Point", "FBC"), 1) +
Top (4, FmlVar ("Fixed Balance Point", "FBC"), 1) +
Top (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 <S, 1, -1), 0)