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Zorro Chikou Indicator is Shift forward - should be Shift back #468201
09/24/17 13:30
09/24/17 13:30
Joined: Sep 2015
Posts: 2
NobbyG Offline OP
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NobbyG  Offline OP
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Joined: Sep 2015
Posts: 2
According to all the Ichimoku literature I have the Chikou Indicator is price shifted back by a default of 26. That means that nothing is plotted for the most recent (Shift) 26 bars.

From the Zorro Help Manual
"Chikou(int Shift): var
Chikou line belonging to the Ichimoku indicator; simply the Close shifted forward by Shift (optional; default = 26). Uses the current asset price series. Source code in indicators.c."

My tests confirm that the indicator behaves as per the incorrect manual.

Needs a fix please.

Re: Zorro Chikou Indicator is Shift forward - should be Shift back [Re: NobbyG] #468203
09/24/17 14:40
09/24/17 14:40
Joined: Sep 2003
Posts: 929
Spirit Offline

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Spirit  Offline

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Joined: Sep 2003
Posts: 929
Shift forward means move a curve on a chart in this direction -->
and backwards in this direction <--
so Chikou line is shift forward by 26 bars. Hope this helps.

Re: Zorro Chikou Indicator is Shift forward - should be Shift back [Re: Spirit] #468209
09/25/17 01:24
09/25/17 01:24
Joined: Sep 2015
Posts: 2
NobbyG Offline OP
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NobbyG  Offline OP
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Joined: Sep 2015
Posts: 2
Thanks Spirit
I understand what you are saying however the manual is not correct in my view.

Here is a link explaining what the Chinkou Span is:

One of many examples - Trading the Cloud - Chikou Span


Moderated by  Petra 

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