Price churn within a bar

[gdavis74]

Anyone got any ideas on how to program an indicator that will detect price on a tick basis that is bouncing say <> 3 or 4 ticks and when it happens, increment a counter?

I have tried using MarketDataType.Last and then ePrice but you can't use barsAgo with ePrice.

Is the close equivalent to Last on a tick basis?

If so, then the Close[0] > Close[1] || Close[0] < Close[1] could be used to increment the counter.

Any advice appreciated.

Thanks

[sledge]

Anyone got any ideas on how to program an indicator that will detect price on a tick basis that is bouncing say <> 3 or 4 ticks and when it happens, increment a counter?

I have tried using MarketDataType.Last and then ePrice but you can't use barsAgo with ePrice.

Is the close equivalent to Last on a tick basis?

If so, then the Close[0] > Close[1] || Close[0] < Close[1] could be used to increment the counter.

Any advice appreciated.

Thanks

Okay - thinking outside your requirement - have you tried NT's range bars?

[NinjaTrader_JC]

Hello gdavis74,

If you are using CalculateOnBarClose (COBC) false, then yes "Close[0]" is going to be the most current tick data coming in.

If your strategy requires the use of COBC true, then you may try using "Close[0]" inside of OnMarketData() so that you may get the Close price of the last completed bar while the current bar is being formed.

Let me know if we can be of further assistance.

[gdavis74]

Ok, then Close will work because this indicator would not use COBC true. Thanks much!