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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.

Favorite Futures: Index,Currency and Energy futures

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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.

Favorite Futures: Index,Currency and Energy futures

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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.

Favorite Futures: Index,Currency and Energy futures

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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

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.

Favorite Futures: Index,Currency and Energy futures

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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.

Favorite Futures: Index,Currency and Energy futures

Posts: 1,701 since Jan 2010

Thanks: 501 given,
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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.

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.