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Is NT7 "CalculateOnBarClose = false" broken?


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Is NT7 "CalculateOnBarClose = false" broken?

  #1 (permalink)
 Curbfeeler 
Central Iowa
 
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I am trying to code a quick indicator which will write out some text on each incoming tick. I'm on a 333 tick chart, just crossed over the swing indicator, and I want to write a line of HTML for each high and each low from the entry. I'm just trying to get some simple stats about risk:reward.

For hours I've been struggling and suddenly realized my code is fine. I think there is something wrong with "COBC = false" in NT7 beta 20, because my simple indicator is only called on the first tick of the bar.

I went back to the drawing board and wrote the simplest possible indicator, just to dumb things down and test. Guess what....

 
Code
        protected override void Initialize()
        {
            Overlay				= false;
			CalculateOnBarClose = false;

        }

         protected override void OnBarUpdate()
        {
			
				if (FirstTickOfBar)
				{
					Print("TICK 1");
				}
				else{
					Print("ELSE");
				}
				
        }
The output says...

TICK 1
TICK 1
TICK 1
TICK 1
TICK 1
TICK 1
TICK 1

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  #3 (permalink)
 
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 Big Mike 
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Historical charts and backtesting are incapable of COBC = false. It is a design limitation.

COBC = false is only available on live incoming data. So make sure your test is live incoming data in a moving market, and not based on adding the indicator to a chart --- at which point it is historical data only.

You could do:

 
Code
                            
if (Historical) return; 

At the top of your code.

Mike

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  #4 (permalink)
 Curbfeeler 
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Thanks Mike. This explains what I was seeing then. I added another timeframe (single tick), and this seems to have fixed my problem. Of course my code is now much more complex than the simple HTML-generating indicator that I envisioned, but it's working for the most part.

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  #5 (permalink)
 
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 Trader.Jon 
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Big Mike View Post
Historical charts and backtesting are incapable of COBC = true. It is a design limitation.

COBC = false is only available on live incoming data. So make sure your test is live incoming data in a moving market, and not based on adding the indicator to a chart --- at which point it is historical data only.

You could do:

 
Code
                            
if (Historical) return; 

At the top of your code.

Mike

Mike,

""Historical charts and backtesting are incapable of COBC = true""

I think I am confused: this is from the NT7 f1 help:
If true, OnBarUpdate() is called on the close of each bar otherwise it is called on each incoming tick. This property should ONLY be set in an Initialize() method and be the last statement within that method.

· When indicators or strategies are running on historical data, OnBarUpdate() is only called on the close of each historical bar even if this property is set to false. This is due to the fact that with a historical data set, only the OHLCVT of the bar is known and not each tick that made up the bar.

· The CalculateOnBarClose property of indicators embedded within a strategy are overriden by the CalculateOnBarClose property of the strategy

Doesnt this mean that COBC=true is only workable option in backtesting/historical charts?

Jon

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  #6 (permalink)
 Curbfeeler 
Central Iowa
 
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Trader.Jon View Post

Doesnt this mean that COBC=true is only workable option in backtesting/historical charts?

Jon

I am no expert at this. I am a software developer with over 10 years experience, so my coding skills are fine, but NT has a bit of a learning curve.

I found a workaround and was able to get my indicator to be called for each incoming tick, but I had to add a 1-tick timeframe to my indicator. This means that you will have to reference price in a different way throughout your indicator. Instead of High[0] you will use Highs[0][0]. The first series of the array refers to which timeframe.

For me, I want to check for a crossover with each incoming tick, so I use this...

 
Code
					//CROSSOVER HIT!
					if (Closes[1][0] < (SMA(BarsArray[0],12)[0]-.2) && !bLongFirstIn && bLongSignalHit){
This means the 1-tick dataset crosses the 333 tick SMA(12). Hope that helps. There are other examples, but I will tell you it's a pain once you commit to multiple timeframes. Everything you code becomes more complex.

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  #7 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
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Trader.Jon View Post
Mike,

""Historical charts and backtesting are incapable of COBC = true""

Was a type-o, I meant false. The very next sentence I said "COBC = false is only available on live incoming data.". I have corrected the type-o.

Mike

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Last Updated on August 26, 2010


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