Fibonacci Trader - Fixed Balance Point
Adam Hefner
{Fixed Balance Point Calculation}
FBC:=If(DayOfWeek()=1 AND Ref(DayOfWeek(),-1)
<5,
{then}(HighestSince(2,DayOfWeek()=1,H)+
LowestSince(1,DayOfWeek()=1,L)+
CLOSE)/3,
{else}If(DayOfWeek()=5,
{then}(HighestSince(1,DayOfWeek()=1,H)+
LowestSince(1,DayOfWeek()=1,L)+
CLOSE)/3,
{else}0));
{Fixed Balance Point Plot}
FBP:=ValueWhen(1,FBC>0,FBC);
FBP