Question about IOG in Multicharts

April 23rd, 2017, 07:36 AM

Hello,

I have a question about Intrabar Order Generation feature in Multicharts and reading the Wiki I couldn't find a clear answer.

If I enable IOG in a script running on a hourly chart when I use reserved words Open, High, Low, Close are they referring to the tick or to the hourly bar on chart?

i.e. if in the conditions statement to trigger an order I have:

Code

IF H[0]>H[1] and (O-C)/L<H then buy next bar at market

in the case above I am confident I am referring to the next tick for the "buy next bar" statement but for the conditions before the order, am I referring to the hourly bars that I can also see on the chart or to the tick bars inside the actual hourly bar?

Thank you
auato

ABCTG · April 24th, 2017, 01:45 AM

auato,

I would suggest to use print statements to check the values in case you are in doubt.
As your code is evaluated with every tick when intrabar order generation is enabled the reserved words, for example High, will return their value at the moment of the code execution. When you apply your code to a 1 hour bar, High will return the one hour bar's high at the moment of the code computation. High[1] will return the value of the high for the previous bar and so on.

Regards,

ABCTG

April 29th, 2017, 02:26 PM

Just trying to understand this point. Would initializing as intra bar persist or not make a difference. Could a data2 vs. data1 which is not IBP change the outcome or will IOG force everything to be on each incoming tick.

GuppyDRV

ABCTG · April 29th, 2017, 03:26 PM

GuppyDRV,

I am not sure if I understand what you are saying correctly, but it sounds like you are mixing reserved words and variables (where intrabarpersist might be used).

When it comes to datastreams other than Data1 you are dealing with a few limitations (in terms of IOG, bar magnifier etc.) that are described here for example: https://www.multicharts.com/pm/public/multicharts/issues/MC-1568

Regards,

ABCTG

GuppyDRV

Just trying to understand this point. Would initializing as intra bar persist or not make a difference. Could a data2 vs. data1 which is not IBP change the outcome or will IOG force everything to be on each incoming tick.

GuppyDRV

Question about IOG in Multicharts

Discussion in MultiCharts

Question about IOG in Multicharts