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reference last bar (of week)
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reference last bar (of week)

  #1 (permalink)
Elite Member
San Fransisco Ca
 
Futures Experience: Intermediate
Platform: Ninjatrader
Broker/Data: IB
Favorite Futures: forex
 
Posts: 17 since Jan 2014
Thanks: 5 given, 1 received

reference last bar (of week)

Hello dear forum,

Can you help me with the following?

I want to have an indicator that refers to the last bar of the week (in historical data) for all open charts.

so for a minute chart it is the last minute bar of the week
for 1 hour chart is the last hour of the week
1 day chart it is friday
etc.

how to program this in ninjatrader
for example

if (Last bar of the week = true)
{
Weekhigh.Set(Highs[1][1]);
Weeklow.Set(Lows[1][1]);
}

many tx in advance

yeshe


Last edited by yeshe; October 13th, 2014 at 05:46 AM. Reason: typing mistake
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  #2 (permalink)
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  #3 (permalink)
Elite Member
Heidelberg, Germany
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Stocks
 
Posts: 11 since Jun 2014
Thanks: 6 given, 12 received


The question is always whether the last bar of the week was also the last trading day in that week. Theoretically, if you account for public holidays, etc, you would need to know in advance when the market closes.

The simple approach is on the next bar into the new week to notice that you are in a new week (which for your requirement) will work. Something like this:

 
Code
int dayOfWeek = 0;

void OnBarUpdate()
{
    if (Time[0].DayOfWeek < dayOfWeek)
    {
        // it seems that week has started new again, do your calculations for last week
    }
    dayOfWeek = Time[0].DayOfWeek;
    ....
}

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