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NoGapPrice_NT7
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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The Elite Circle
Details:
NoGapPrice_NT7
Category:
The Elite Circle
October 31st, 2011
Size: 2.08 KB
Downloaded: 184 times
Keywords:
nogapprice
1037
devdas
View Download Details
January 26th, 2016 09:01 AM
elyt
Thanks, this is really great.
October 7th, 2013 06:38 PM
bluecrow
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