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Possible to evaluate Primary and Secondary bars differently?

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    Possible to evaluate Primary and Secondary bars differently?

    I have several MTF strategies that I'm porting to NT8. I do a lot with 1min, 3min and hourly bars. Using a lower timeframe as the primary and the other bar series for confirmation.

    If I have 1 min as the primary and 3 min as the secondary series, is it possible to evaluate the Primary bars after the close of the bar, and evaluate the 3 min in real-time? In theory it would evaluate all the conditions on the 1 min close, and at the same time evaluate the conditions of the 3 min bar as they exist at the 1 min close. Granted this might provide a false signal after a final evaluation once the 3 min bar actually closes, but if I wait for the 3 bar to close, I often miss the entry signal.

    #2
    Hi fmcap, thanks for posting.

    You can filter each bar context with the BarsInProgress property context and also filter OnEachTick logic from OnBarClose logic by running the script OnEachTick and using IsFirstTickOfBar e.g.

    Code:
    if(BarsInProgress == 0)
    {
        //primary bar context
        if(IsFirstTickOfBar)
        {
            //OnBarClose logic
        }
    
        //OnEachTick logic
    }
    
    if(BarsInProgress == 1)
    {
    
        //primary bar context
        if(IsFirstTickOfBar)
        {
            //OnBarClose logic
        }
    
        //OnEachTick logic
    
    }
    The bar data will always be referenced in the way described here in the documentation:
    https://ninjatrader.com/support/help...taIsReferenced

    Best regards,
    ​​​​​​​-ChrisL
    Chris L.NinjaTrader Customer Service

    Comment


      #3
      Perfect! IsFirstTickOfBar is the key to evaluating only at the previous bar close. I was trying to avoid using Ticks because it means I can't backtest, but I can test the strategy in real-time and through a market replay.

      Comment

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