Zorro Chikou Indicator is Shift forward - should be Shift back

Posted By: NobbyG

Zorro Chikou Indicator is Shift forward - should be Shift back - 09/24/17 13:30

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.
Posted By: Spirit

Re: Zorro Chikou Indicator is Shift forward - should be Shift back - 09/24/17 14:40

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.
Posted By: NobbyG

Re: Zorro Chikou Indicator is Shift forward - should be Shift back - 09/25/17 01:24

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
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