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Thanks Adam, this helps those of us who don't have that
issue. I appreciate the time you've put into it. I'll plot
it on a chart tonight.
Regards,
Ken
Adam Hefner wrote:
> I will give a (very) brief description of the
> indicators. The Fixed Balance Point is calculated every
> Friday bytaking the weekly (high+low+close)/3. It really
> doesn'tneed to be plotted, but is mostly used to base the
> otherindicators from. The Fixed Balance Point Step, is a 5
> week average ofthe Fixed Balance Point. The Dynamic Balance
> Point is the daily update of theFixed Balance Point. The
> Dynamic Balance Point Step is the daily updateof the Fixed
> Balance Point Step. Robert Krausz teaches that by watching
> the balance pointcalculations of the longer (weekly) time,
> you have the marketdirection (trend) for the shorter (daily)
> time. He also revealedthat the when the Dynamic Balance
> Point is above the DynamicBalance Point Step, then the trend
> is up, and opposite is truefor down trend. I have found that
> these act in much the same wayas a 5/25 moving average
> cross-over system. I like the Fibonacci Support & Resistance
> best of all, seems (IMHO)that these support/resistance areas
> are very easy to visualize usingthis formula.
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