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If you plot this it becomes similar to the weekly if your weeks are all 5
days long. It woiuld be different I expect if you have unpadded data as not
every week will have 5 trading days. If you compare it to weekly plot you
will see it . You will also find the bars are compressed up to the recent
end of the chart (ie start bar further to the right than the original daily
chart. It compresses 5 bars into 1, so if your original chart had 250 daily
bars, the compressed chart will have 50 bars.
TimeFrameSet(inDaily*5);
Plot(C,"",colorBlack,styleCandle);
TimeFrameRestore();
The compressed 3 bar plot would be
TimeFrameSet(inDaily*3);
Plot(C,"",colorBlack,styleCandle);
TimeFrameRestore();
Cheers,
Graham
http://e-wire.net.au/~eb_kavan/
-----Original Message-----
From: mleonsprint [mailto:mleonsprint@xxxxxxxxx]
Sent: Friday, 13 February 2004 12:16 PM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Re: 5 Daily bars compressed into one.........
I have no idea what exactly this entire line of code is saying
exactly so if anyone could explain? I am the worst at understanding
things sometimes so thanks for your patients and help!! (Does this
add 5 daily bars together? and then take the open from the first
bar? and the close from the last bar? Then the High and low from the
bar?)
Mark
TimeFrameSet(inDaily*5);
L1=L;
H1=H;
O1=O;
C1=C;
TimeFrameRestore();
PlotOHLC(O1,h1,l1,C1,"",colorBlack,styleCandle);
--- In amibroker@xxxxxxxxxxxxxxx, "mleonsprint" <mleonsprint@xxxx>
wrote:
> I am now more confused than ever.. I guess maybe I am not
> understanding the Time Frame functions real well. So am I wrong
by
> the first statement in trying to get the open of 5 days ago for my
5
> day bar?
>
> o1=ref(o,-5);
>
>
> Then getting the current close for the current 5 day bar
>
> c1=c;
>
> Here is where I think I am getting confused.... Ok getting the
high
> and low within the last 5 daily bars...
>
> Timeframeset(indaily*5);
> l1=l;
> h1=h;
> Timeframerestore():
>
> I am not sure if by indaily*5 that combines 5 daily bars
together?
> Then in the next line by asking for the Low or High it gives the
low
> or High of one of those bars?
>
> plotohlc(o1,h1,L1,c,"5 Bars",colorblack,stylecandle);
>
> However when I try it... Well Kaboom@#$%^ it does not look right
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