LineBreak Chart Anomaly? - NinjaTrader | futures.io
futures.io futures trading


LineBreak Chart Anomaly?
Started: by GuppyDRV Views / Replies:350 / 4
Last Reply: Attachments:0

Welcome to futures.io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Reply
 
Thread Tools Search this Thread
 

LineBreak Chart Anomaly?

  #1 (permalink)
Elite Member
Seattle
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: InteractiveBrokers, IQFeed
Favorite Futures: ES
 
Posts: 23 since Nov 2015
Thanks: 13 given, 1 received

LineBreak Chart Anomaly?

Hello All,

I have looked all through the forum and can't find a single discussion regarding an anomaly I think might be found in the Line Break Bar with Wicks.

I have observed that when a new bar opens the open price will paint a particular price, however, as the bar develops the open price will change from its original value during the bar and eventually close at something different.

With a normal type chart is the opening price always equal to the closing price of the prior bar?

With a Line Break is the opening price an average or something of where price was to create the new bar? Thus possibly differing from the prior bars close?

I would think that the price at open (regardless if fixed or an average) should not be subject to change for any reason! The open price is just, a one tick snapshot, that defines the price of the opening of a bar.

Is this an issue with the code or something inherent to Line Break chart types.

I appreciate any insight or help anyone might have on resolving this issue.

GuppyDRV

Reply With Quote
 
  #2 (permalink)
Trading Apprentice
charlotte nc
 
Futures Experience: Master
Platform: ninjatrader
Broker/Data: MB Trading, NinjaTrader
Favorite Futures: Emini (ES, YM, NQ, ect.)
 
Posts: 33 since Jan 2015
Thanks: 0 given, 81 received

Hi GuppyDRV,

I used to play with linebreaks a few years back and what I can tell you is that NinjaTrader can not accurately handle these in backesting / strategy analyzer. Anything you see here will be crazy wrong, so don't run these chart types in your strategy analyzer. If you use market replay the results will be fine, but in backtesting /strategy analyzer the system only sees the line break bars and not every tick that made up the bar so you get very misleading results. The prices will fill on the open of the new bar which is can be misleading as well.

I may not have the best answer to your question, but if you use backtesting / strategy analyzer and line breaks you will get overly optimistic results that you could never possibly achieve, but if you run your strategy in market replay you will get fairly realistic results.

Ian

Reply With Quote
The following user says Thank You to iantg for this post:
 
  #3 (permalink)
Elite Member
singapore
 
Futures Experience: Advanced
Platform: cqg integrated client
Favorite Futures: cl es nq
 
Posts: 37 since Oct 2015
Thanks: 14 given, 10 received


I'm having the same issue. does anyone know the answer?

Reply With Quote
 
  #4 (permalink)
Market Wizard
London UK
 
Futures Experience: Beginner
Platform: CQG
Favorite Futures: Futures
 
xplorer's Avatar
 
Posts: 1,793 since Sep 2015
Thanks: 3,259 given, 2,360 received
Forum Reputation: Legendary

Hi guys

I'm not familiar with the problem, but may I suggest two approaches
  1. If not done already, open a support request with Ninjatrader for this
  2. Notify user @NinjaTrader of the issue and ask for advice

Reply With Quote
 
  #5 (permalink)
Elite Member
Denver, CO
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES
 
NinjaTrader's Avatar
 
Posts: 1,197 since May 2010
Thanks: 142 given, 1,791 received

Futures Edge on FIO

Which products do you trade?

 

xplorer View Post
Hi guys

I'm not familiar with the problem, but may I suggest two approaches
  1. If not done already, open a support request with Ninjatrader for this
  2. Notify user @NinjaTrader of the issue and ask for advice

Following up with our support team as suggested is the best course of action.

Reply With Quote

Reply



futures.io > > > > LineBreak Chart Anomaly?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

2016 True Edge Awards: Voting is open until Jan 21!

Now
 

Anthony Drager: Pulling the trigger with confidence

Elite only
 

Leo Murphy: The Art and Science of Technical Analysis

Elite only
 

FuturesTrader71: Ask Me Anything

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
TOS ES average trade size anomaly astrotrader13 ThinkOrSwim 0 November 24th, 2015 12:44 PM
3 LineBreak Wicked candlestick, open? Leo123 The Elite Circle 2 March 13th, 2012 09:03 PM
Strange Anomaly Is Happening With Corporate Earnings kbit News and Current Events 0 February 11th, 2012 04:06 PM
Better Linebreak Bars; Forever to Load??? tdaman The Elite Circle 6 September 25th, 2011 09:23 AM
LineBreak Wicked Charts for TradeStation RambleDog The Elite Circle 6 August 9th, 2011 03:03 PM


All times are GMT -4. The time now is 02:37 AM.

no new posts
Page generated 2017-01-21 in 0.09 seconds with 20 queries on phoenix via your IP 54.145.220.120