Balance StepA port of Robert Krausz's Balance Step from Fibonacci Trader: a simple moving average of the last 5 Balance Points, drawn in step formation and projected one period forward.
How it's calculated
Balance Point (BP) of each bar of the selected timeframe = (High + Low + Close) / 3.
Balance Step = simple moving average of the last N Balance Points (default N = 5).
How it's drawn
- Each period shows the value known at the close of the previous period, so the level for the current period is known bef
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