Shifted

[Tams 20]

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.

 

 

Shifted.txt

Shifted_(MultiCharts).pla

Edited May 12, 2009 by Tams

[Trader333 10]

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

 

 

Paul

[Tams 20]

Today's example...

 

[aaa 10]

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)

 

 

Edited June 11, 2009 by aaa

[aaa 10]

// 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

 

 

Shifted beta 0.2.txt

Edited June 12, 2009 by aaa

[Tams 20]

// 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 10]

// version : beta 0.3

// author : aaa

// date : 20090619

// added : colored up and down bars

 

Shifted beta 0.3.txt

[Tams 20]

// version : beta 0.3

// author : aaa

// date : 20090619

// added : colored up and down bars

 

 

 

wow, colored bars too !

 

impressive !

[aaa 10]

It's a really impressive idea

 

I luv this indicator so much

 

I use it every morning

 

It changed my life !!

 

ThanX (again) CapiTams.

[aaa 10]

Here is a nice piece of code called "Gapless Addin" applied to indicators working in the same way that the Shifted price

 

http://www.traderslaboratory.com/forums/f46/gapless-squeeze-6161.html

[aaa 10]

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