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Re: [amibroker] Observation on 3 days per bar plotting



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You could always use a loop that starts on the first bar of multiples
of 3 back from the last bar

startbar = barcount - 3*floor(barcount/3);
for(i=startbar;i<barcount;i++)
{
etc
}



On Mon, 11 Oct 2004 22:27:18 -0400, Ken Close <closeks@xxxxxxxx> wrote:
> 
> Well, I now have two different ways of showing 3 days per bar (or
> point).  They are to use TimeFramCompress(C, 3*inDaily) or to use
> 
> x=Param("Days",3,2,5);
> y=Cum(1)%x==0;
> Ox=IIf(y,Ref(O,-(x-1)),Null);
> Hx=IIf(y,HHV(H,x),Null);
> Lx=IIf(y,LLV(L,x),Null);
> Cx=IIf(y,C,Null);
> Vx=Sum(V,x);
> Change=100*(Cx-Ref(C,-x))/Ref(C,-x);
> PlotOHLC(Ox,Hx,Lx,Cx,"",colorBlack,styleCandle);
> GraphXSpace=3;
> 
> to plot candles----
> 
> What is interesting to observe, in comparison to a similar function in
> TC2000 (wherein you select to show 3 day or x day charts), is that the
> TC2000 internal algorithm works from the last (or current) day
> backwards, while the Amibroker code starts at the beginning of the
> database and works its way forward.
> 
> This is shown by looking at the close of the 3 day candle in TC2000 and
> seeing today's price as the close price of the candle.
> 
> Looking at today's price of a three day per bar or line chart in
> Amibroker shows either a null or yesterday's value.  This is the result
> of working "forward" from the start of the database rather than
> "backwards" from the current day's price.  Yesterday (Friday), the close
> of the candle equaled the closing daily price but this is only true
> every third day.
> 
> No big deal. I certainly could not program it to match how TC2000 works,
> or do I know if it is even possible.  Dimitris could probably do it in
> several lines of code.  But it is not so important. On second thought,
> if one was writing a system off of this instead of visual
> interpretation, this difference seems like it could influence crossing
> points, etc and produce different and perhaps inferior results.
> 
> I have been interested in this because the 3 day per bar or some other
> variation seems like it can show trends a little more clearly with less
> delay than weekly and somewhat better than daily.  Don Worden of TC2000,
> in his nightly notes, said that in today's choppy markets, he was
> switching to 3 days/bar to more clearly spot trends.
> 
> Just thought I would share for your information----
> 
> Ken
> 
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> 
> Check AmiBroker web page at:
> http://www.amibroker.com/
> 
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> 
> 
> 
> 
> 


-- 
Cheers
Graham
http://e-wire.net.au/~eb_kavan/


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