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Shifted

 

 

There is a school of thought that

today's price action is just a continuation of yesterday's.

 

...and that if you shift today's price bars so that today's opening price matches

with yesterday's close, you will see a continuation of yesterday's price action.

 

This indicator does just that:

it will shift today's price bars by the open/close difference.

 

Note: this chart is for price action reference only.

Please don't trade with this chart or you might get a very disappointing fill.

It is recommended that you cover up the price scale when you read this chart.

 

 

attachment.php?attachmentid=10643&stc=1&d=1242107260

5aa70ed1f0235_es20090330_shifted_a.thumb.png.0c3c103c71ca26da8dc74a83e4b01a9f.png

Shifted.txt

Shifted_(MultiCharts).pla

Edited by Tams

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In my view this tool is in the Tams' "Top 5" ;)

 

Using it at the globex' opening, It smoothes the gaps.

 

Today's example (bis repetitae)

 

 

11292d1244717182-shifted-snap2.jpg

Snap2.thumb.jpg.6433c0a84b5e64772b70e44d4b6691ce.jpg

Edited by aaa

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// version : beta 0.2

// author : aaa

// date : 20090612

// added : Time.Limit = hide the shifted after the time Limit

// added : show.everydays = shows shifted TimeLimited at the beginning of each days back

 

Graphic = Shifted + vertical Lines set everydays until the cash opens

 

P. S. : If interested, please, follow the link below to download the "Vertical Lines" indicator ;

http://www.traderslaboratory.com/forums/f46/vertical-lines-specified-time-5988.html#post65883

 

 

attachment.php?attachmentid=11326&stc=1&d=1244833953

Shifted beta 0.2.txt

Snap1.thumb.jpg.c67031de741c1bfa392403b2f11d2c9a.jpg

Edited by aaa

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// version : beta 0.2

// author : aaa

// date : 20090612

// added : Time.Limit = hide the shifted after the time Limit

// added : show.everydays = shows shifted TimeLimited at the beginning of each days back

Graphic = Shifted + vertical Lines set everydays until the cash opens

 

 

 

This is real cool !

 

thanks !

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// version : beta 0.3

// author : aaa

// date : 20090619

// added : colored up and down bars

 

 

 

wow, colored bars too !

 

impressive !

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It's a really impressive idea

 

I luv this indicator so much

 

I use it every morning

 

It changed my life !!

 

ThanX (again) CapiTams.

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In my view It should be more interesting to shift the Moving Averages WITH the price

 

And trade on the "virtual" shifted untill the market opens

 

The long MA 150 disturbs too much the graph during 500 bars

 

THE MACD signals are lates on the gapless one during a few bars

 

and then sticks the real one after 60 bars (Histo)

 

Your experience are welcomed

 

attachment.php?attachmentid=11570&stc=1&d=1245496328

5aa70eed2137d_Picture1.thumb.jpg.b831d8eac500790dfc12326d38746183.jpg

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