All studies calculate the value at the current bar. Some methods need to look back to
previous bars. The Offset function allows you to retrieve the value of previous bars.
This is useful to determine the
crossovers of indicators An
example of how this is used to detect
crossovers can be found in the MACD
Trading System, which detects the
crossover of the MACD Oscillator and
the Signal Line
Parameters:
BarsToShift A positive or negative shift
Arguments:
OHLC of TimeFrame or
any output Indicator of the TimeFrame
Output Indicators:
shifted
Example:
Study Name Expanded in a 3 minute timeframe:
I3_OffSet(5)(I3CloseI3)_I3
This study retrieves the value 5 bars back(from the current bar)
on the 3 minute timeframe, of the 3 minute close.
The output indicators names are appended to the study name,
that is if the study name is sn1 then
the output indicator is
sn1::shifted
