When Does Daily Bar Close?

[calebsandfort]

I'm running a custom indicator on a daily chart with the Equities RTH trading hours set. (Hours are 9:30am - 4pm, I believe).

What I'm wondering is when does OnBarUpdate get called for the current day bar closing? I would expect it to be at 4pm. But I am logging Time[0] in OnBarUpdate and it is still showing 7/20 as the last bar to complete, even though it is currently 4:53pm on 7/23.

Basically I want the indicator to update at 4pm so I can make a trade decision before the actual end of trading.

Any help or tips would be appreciated.

[NinjaTrader_ChelseaB]

Hello calebsandfort,

With any bar, the bar does not close until a new bar is opened.

For a daily bar, the day bar closes at the first tick of the next session.

You could use a timer to trigger an action exactly at 4:00 PM.

(Or you could add a secondary tick series and trigger a few seconds before 4:00 PM using ticks to drive the action while the market is open)

[calebsandfort]

Hi Chelsea

That makes sense. I now have a secondary data series calculating the indicator value for the current day. That seems to work. However inside of that code I do

Values[0][0] = ...

to update the value I'm seeing on the chart, but it isn't drawing it. Should this be possible or will that value not display until the new bar is opened?

[NinjaTrader_ChelseaB]

Hello calebsandfort,

In the parameters of the Strategy window, if Calculate is set to 'On price change' or 'On each tick' in realtime (or historically with TickReplay enabled) 0 barsAgo ([0]) will refer to the currently building primary bar. If Calculate is set to 'On bar close' 0 barsAgo will refer to the most recently fully closed bar.

Below is a public link to the help guide on Calculate.

https://ninjatrader.com/support/helpGuides/nt8/en-us/calculate.htm

And a public link to the help guide on how bar data is referenced.

https://ninjatrader.com/support/helpGuides/nt8/en-us/index.html?multi-time_frame__instruments.htm#HowBarsDataIsReferenced

What is Calculate set to?
Are you seeing the price of the most recently fully closed price change instead?