OnMarketData() & CalculateOnBarClose

[mrlogik]

Hi,

Can someone please validate the following;

When setting CalculateOnBarClose = false, the OnBarUpdate() is called on each new bid Tick, or for either a new Bid / Ask tick?

I know OnMarketData() is called for either.

Thanks
Anthony

[NinjaTrader_Dierk]

Is called for each new tick. But not for bid/ask.

[mrlogik]

Thanks Dierk,

To clarify, we're working on a bid chart; is each new tick defined as a bid tick? What constitutes a new tick?

Thanks again.

[NinjaTrader_Dierk]

NT6.5 does not support bid charts.

[mrlogik]

Dierk,

I'm confused.

You wrote some time ago that its hard coded to "bid".

Can you please clarify?

[NinjaTrader_Dierk]

Charts are built off ticks. If a provider does not support "ticks" for currencies, then NT generates ticks from the bid. However, NT charts always are built from ticks.

[mrlogik]

Okay.

How does a tick correlate to the a bid price change or an ask price change?

Also, does MB support "ticks" for currencies, or are you creating a chart based on the Bid price?

Thanks again.

[NinjaTrader_Ray]

If an FX provider does not support a last traded price event --> As a bid price event comes in, NT throws this event and duplicates it as a last price event at the core level. Any object downstream using last price behaves as expected off of this last price event that was generated by the bid price event.

I believe we do get a last event from MBT but they tie it back to bid as well.

[mrlogik]

Dierk,

Thanks for taking the time to provide such a helpful answer.

I under stand now.

Anthony