Fibonacci Trader - Dynamic Balance Point Step - Metastock Formula

This is our second dynamic balance point, with a step within the formula. 

We see this as a excellent formula for part of your trading method, if this does not form part of your trading method we recommend that it at least be tested within your method development.

DPS:=(ValueWhen(1,FmlVar("FT-DBP","DBC"),
FmlVar("FT-DBP","DBC"))+
ValueWhen(5,FmlVar("FT-DBP","DBC"),
FmlVar("FT-DBP","DBC"))+
ValueWhen(10,FmlVar("FT-DBP","DBC"),
FmlVar("FT-DBP","DBC"))+
ValueWhen(15,FmlVar("FT-DBP","DBC"),
FmlVar("FT-DBP","DBC"))+
ValueWhen(20,FmlVar("FT-DBP","DBC"),
FmlVar("FT-DBP","DBC")))/5;
DPS;