The Elite Circle - NoGapPrice_NT7
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NoGapPrice_NT7 5 *
simple virtual close price are coded which produces a new
virtual prices exactly similar in swings but without gaps.
its used where and on those indicator where i like to see continuity of indicator shapes/patterns on opening gaps. Logic behind this continuity is almost every indi is based on window/lookback period and believe me i strongly feel thier values do primarily depends on relative positioning of Input Prices rather then actual absolute value. So as long as relative positioning is without gap..indicator will show good usable continuity.
it should be used as long as calculation depends "only" on close prices.
One may find some time advantage of early entry by 2-3 bars but not to bother as i primarily used this for visual continuity.

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October 31st, 2011
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Keywords: nogapprice


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