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But IT DOES THAT ALREADY!
The LAST bar close includes the actual LAST price regardless of timeframe.
Best regards,
Tomasz Janeczko
amibroker.com
----- Original Message -----
From: "Dennis Brown" <see3d@xxxxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Tuesday, August 25, 2009 4:49 PM
Subject: Re: [amibroker] Re: One chart instead of several ones.
> AF,
>
> I was under the mistaken impression that what you propose was the
> default way AB worked. I completely agree with your request that it
> should be at least an option, and if you write it up in the
> suggestions, I will happily add my endorsement also. I would want the
> timeframe compression to mimic the data on the last bar the same way
> that a bar would be displayed in a native timeframe chart.
>
> Best regards,
> Dennis
>
> On Aug 25, 2009, at 2:51 AM, af_1000000 wrote:
>
>> TJ. You misunderstood me. This is my mistake.Sorry,I was not precise
>> enough.
>> I should have asked for the incomplete LAST bar inclusion into the
>> time compression (as an option) rather than including current values.
>>
>> The post is NOT about elimination time compression from timeframes,
>> quite opposite. The post is about the ability to re-create any
>> higher timeframes charts on a lower timeframe chart.
>>
>> For the sake of simplicity just assume that we have weekly and daily
>> charts in a layout, one indicator RSI(14) on both charts, and today
>> is Wednesday. If we look on a weekly chart AB displays RSI(14) value
>> on Y axis of the indicator window AS OF WEDNESDAY (13 closes as of
>> previous Fridays and the close of today's Wednesday are used to
>> calculate it).
>>
>> Now imagine that I wont to get rid of the layout and reproduce
>> RSI(14)from the weekly chart on the daily chart. How to do it ?
>>
>> I CANNOT use:
>>
>> TimeFrameSet(inWeekly);
>> RSI_Weekly = RSI(14);
>> TimeFrameRestore;
>> RSI_Weekly_on_Daily_chart = TimeFrameExpand(RSI_Weekly, inWeekly);
>>
>> because I will get weekly RSI(14)value as of last Friday and not as
>> of today - Wednesday.
>>
>> What I am asking for is to add an option (it should NOT be a
>> default) to all timeframe functions to include values of the
>> incomplete last BAR (highest high, lowest low, last value)into time
>> compression. This would require slight modification to the
>> compression processes on higher timeframes, but that is already in
>> place (best example is a weekly chart in the mentioned layout).
>>
>> Taking values from an incomplete bar has nothing to do with going
>> into the future. The value of the RSI could be below threshold on
>> Friday, above threshold on Wednesday, and back below threshold
>> following Friday. The fact that RSI was above threshold on Wednesday
>> will never be shown on a weekly chart unless someone replays bar by
>> bar (assuming a daily chart is present), but that's how majority of
>> reversals happen (during small fraction of the bar span). I know
>> what I am doing as long as the functionality is available. If people
>> are not sure what they should be doing, they better do nothing.
>> Waiting for bar completion when price changes rapidly means missing
>> majority of reversal reflected in indicators values. Discretionary
>> trading requires watching charts all the time, so elimination of
>> extreme conditions by design does not make much sense. It is the
>> first step to all failures.
>>
>> I know that some people would like to see continuous changes to
>> higher timeframe indicators based on daily values, but I think this
>> would be too much. Obviously, both methods (traditional and daily
>> values for the current weekly bar)will produce exactly the same
>> result on every Friday (end of weekly time boundary, days beyond
>> boundary are part of the incomplete bar).
>>
>> If nothing is done, transposing weekly values to the daily level
>> (the same values for every 5 days), eliminating redundancy and
>> adding daily values for the incomplete bar to create a new combined
>> weekly / daily array to calculate weekly indicators at the daily
>> level is NOT a lot of fun.
>>
>> I hope this time the post is a little bit more clear.
>>
>> AF
>>
>>
>>
>> ------------------------------------
>>
>> **** IMPORTANT PLEASE READ ****
>> This group is for the discussion between users only.
>> This is *NOT* technical support channel.
>>
>> TO GET TECHNICAL SUPPORT send an e-mail directly to
>> SUPPORT {at} amibroker.com
>>
>> TO SUBMIT SUGGESTIONS please use FEEDBACK CENTER at
>> http://www.amibroker.com/feedback/
>> (submissions sent via other channels won't be considered)
>>
>> For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
>> http://www.amibroker.com/devlog/
>>
>> Yahoo! Groups Links
>>
>>
>>
>
>
>
> ------------------------------------
>
> **** IMPORTANT PLEASE READ ****
> This group is for the discussion between users only.
> This is *NOT* technical support channel.
>
> TO GET TECHNICAL SUPPORT send an e-mail directly to
> SUPPORT {at} amibroker.com
>
> TO SUBMIT SUGGESTIONS please use FEEDBACK CENTER at
> http://www.amibroker.com/feedback/
> (submissions sent via other channels won't be considered)
>
> For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
> http://www.amibroker.com/devlog/
>
> Yahoo! Groups Links
>
>
>
------------------------------------
**** IMPORTANT PLEASE READ ****
This group is for the discussion between users only.
This is *NOT* technical support channel.
TO GET TECHNICAL SUPPORT send an e-mail directly to
SUPPORT {at} amibroker.com
TO SUBMIT SUGGESTIONS please use FEEDBACK CENTER at
http://www.amibroker.com/feedback/
(submissions sent via other channels won't be considered)
For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
http://www.amibroker.com/devlog/
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