Balance Step
Balance Step Own Period
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This is a simple Moving Average of the last 5 Balance Points but in step formation. This is projected 1 period forward. |
Balance Step Next Period
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This is a simple Moving Average of the last 5 Balance Points of the Next period bar plotted in step formation. This is projected 1 period forward. For example, if using the Daily bars then we can use the Weekly steps to define the tradable trend (weekly being the Next time period). |
Balance Step Highest Period
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This is a simple Moving Average of the last 5 Balance Points of the Highest period bar but in step formation. This is projected forward 1 period. If using a Daily-Weekly-Monthly chart the Highest period is the Monthly prices. |