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.

[Trader333]

In my view this would work best in markets that are currently trending.


Paul

[Tams]

Today's example...

[aaa]

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)

[aaa]

// 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/for...html#post65883

[Tams]

Originally Posted by aaa »

// 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 !

[aaa]

// version : beta 0.3
// author : aaa
// date : 20090619
// added : colored up and down bars

[Tams]

Originally Posted by aaa »

// version : beta 0.3
// author : aaa
// date : 20090619
// added : colored up and down bars

wow, colored bars too !

impressive !