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" <[email protected]> To: <[email protected]> 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 > > >
