TrendSpider now supports offsets in alert and backtest templates. This post will explain how offsets work and when you should use them.
What are offsets?
Offsets allow you to compare events that occurred in the past or in a sequence. This is useful with lagging indicators such as the Ichimoku Cloud’s Chikou Span line which is set-back by 26 candles. Without an offset option, you would not be able to create an accurate signal from this indicator because you would be comparing a past-value against a present-value.
Offsets also allow you to compare events that occurred in sequence, compare conditions which may have been met at different times, together in one alert.