DislikedActually, it's a 7 (number of completion) period smoothed average that is shifted 4 periods ahead. I was using a 5 period smoothed average shifted 3 intervals ahead, but I wanted a bit more "room" for the stop. 7/4 is a bit quicker than 8/5 ( the next line in Bill Williams' alligator).
The balance point is simply (H+L+C)/3.
Ensign software is not easy for me to program in, so I could not use the Balance Line dynamically. Plus I am using a 34 period hull. This offsets the need for a higher timeframe tool.Ignored
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