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50% Balance Point Rule
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Created: by perryg Attachments:31

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50% Balance Point Rule

  #31 (permalink)
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FibCluster from NinjaTrader Forum

The up-to-date versions can be found on the NínjaTrader forum, just follow the link:

NinjaTrader Support Forum

FibCluster V9.5 is for NT 6.5, FibCluster V1.2 for NT 7.0


perryg View Post
That sounds good. Are you refering to CMIFibcluster_V90 or V91bis



Last edited by Fat Tails; April 19th, 2010 at 03:38 PM.
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  #32 (permalink)
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some interesting levels, so I see it stops at the balance line and this is also the top 60M OR, I apply fib ext tool to th 60M OR and see that it stops at 217%, blue line. From that 217% I apply fib retrace tool and get 38%, dark line, as the next target.

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  #33 (permalink)
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Cory,

Yes, as I explained at the begining of our discussion, you will find some very interesting things happening with and around the 50% Balance point. If we develop this theory more and more we should have a very useful tool.

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  #34 (permalink)
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Fat Tails,

Thank you very much for the offer but I think I will pass on this one. The reason is that to run this indicator one needs a very large number of days look back and this takes a lot of memory resource. I have 10 -12 charts open simultaneously and that is a fortune of memory. Using this indicator is impossible from a memory point of view.

Once again thank you very much for your kind offer.

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  #35 (permalink)
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You can set the lookback period to 4 or 5 days via indicator dialogue.


perryg View Post
Fat Tails,

Thank you very much for the offer but I think I will pass on this one. The reason is that to run this indicator one needs a very large number of days look back and this takes a lot of memory resource. I have 10 -12 charts open simultaneously and that is a fortune of memory. Using this indicator is impossible from a memory point of view.

Once again thank you very much for your kind offer.


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  #36 (permalink)
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I know, I use 4-5 days already, but the indicator sends a message that more data is required, which means increasing the days, and this is very memory hetic

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  #37 (permalink)
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You can change the lookback from 100 to 5 days via indicator dialogue. The indicator will then work on a 5 day chart. This is enough to display the S and Z labels.


perryg View Post
I know, I use 4-5 days already, but the indicator sends a message that more data is required, which means increasing the days, and this is very memory hetic


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  #38 (permalink)
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Fat Tails,

Yes, it now works. Thank you very much for your patience. The only thing is now to see if it fits in with my daily 2 day 50% Balance points. I know the fib 50% should give the same number, if and only if it is taken from the same points in time.

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  #39 (permalink)
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Fat Tails,

I have checked the numbers, and they have no correlation to what I am looking for. i.e. the Highest High and the Lowest Low of the previous 2 days divided by 2. The numbers from the Fib cluster, are highs and lows, but nt what I am looking for. So once again thanks for your efforts.

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  #40 (permalink)
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perrryg,

If it really catches the lines that you are looking for, let me know, and I will produce a simple version, with a focus on balance points and without the other lines.


perryg View Post
Fat Tails,

Yes, it now works. Thank you very much for your patience. The only thing is now to see if it fits in with my daily 2 day 50% Balance points. I know the fib 50% should give the same number, if and only if it is taken from the same points in time.


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