store bid ask spread

[junkone]

is it possible to store the average bid-ask spread as an indicator?
any ideas is appreciated.

[NinjaTrader_Bertrand]

Hi, you could use GetCurrentBid() and GetCurrentAsk() for this and then implement your logic for averaging the spread and storing it realtime. You might be also interested in the approach posted and discussed here - http://www.ninjatrader-support2.com/...ad.php?t=16006

[junkone]

i just want to average spread for each bar. just want to make sure that this is a correct way of getting the simple average of the spread.


my pseudocode is

onBarupdate
{
if(firsttickofbar){
spreadsum=0
}

spreadsum+= Math.Abs(GetCurrentAsk() - GetCurrentBid());
Spread.Set(spreadsum/Bars.TickCount);
}

another input that i need from you folks is
Does TickCount count bid and ask separely. ie getting 1 Bid and 1 Ask result in TickCount=2

[NinjaTrader_Bertrand]

junkone, the tick count refers to the number of trades using the last price.

[junkone]

with IB, there is no trade price for forex. its only asks and bids. so what does the tick represetn.

[NinjaTrader_Bertrand]

Then the bid would be used.