Confused

[Tom McDaniel <tmtempe@xxxx>]

Hi all-

Jako Jonker posted an indicator he called MRI back in May. It contains
the line

mo=close/ref(close,1)*100 - rsi (14);

I believe the [ref(close,1)] refers to tomorrow's closing price. When
doing backtesting this formula properly uses the next day's close. When
doing a scan for triggers on today's data this appears to replace
tomorrow's close with today's close.

It appears that this can lead to a scan giving a signal that is "revised
away" when tomorrow's data ins entered.

Am I missing something here?

Thanks,
-Tom McDaniel