PriceType and Tick Values

[Zeos6]

Hi,

I am trying to get my head around this and I am going in circles. If someone could please clarify this for me I would appreciate it.

I have an indicator that I wish to run on each incoming tick. In my indicator I have statements such as

if(High[0] > previousHigh)
{ ... }

if(Low[0] > previousLow)
{ ... }

This works fine when CalculateOnBarClose = true. If, however, CalculateBarOnClose = false, does an inccoming tick have a defined open, high, low, close value and is High[0}, Low[0] defined for each incoming tick? They would all be the same value. Also, does it matter if I set PriceTypeSupported = false in this case? How should I set PriceTypeSupported? Please advise. Thank you.

[NinjaTrader_RyanM1]

Zeos,

When COBC = false and you reference High[0], Low[0], etc, then it's going to refer to those values for the bar currently forming. COBC = false tells it to process logic tick by tick, but all value indexes you refer to are based on bars.

PriceTypeSupported is used when you want the user to be able to select a price value used to calculate when none is explicitly specified or you use Input[0].

[Zeos6]

Hi Ryan,

So if I understand you correctly, when COBC = false, the bar forming has welll defined OHLC values. Also, if PriceTypeSupported is not specified in the program, what is its default value, true or false? Thank you.

[NinjaTrader_RyanM1]

Yes, you're referring to the last bar, not the last tick.

If you are hard coding value like High[0], Low[0] then PriceTypeSupported is not relevant for you. - It's best to simply not use it.

[Zeos6]

OK Thank you Ryan. Much appreciated.