RSI bands won't update on each tick

[Alex Ledenev]

Hello
First, I want to say thank you to PaulH from NT Customer support for sharing great RSI bands indicator with this community.

https://ninjatraderecosystem.com/user-app-share-download/rsi-bands/

For some reason I'm experiencing problems with it. The indicator updates only On bar close even when I try to change to On each tick in indicator's properties. I'm not sure what to change in the code. Can somebody help me, please?

[NinjaTrader_BrandonH]

Hello Alex Ledenev,

Thank you for your post and kind words.

When testing the RSIBands indicator on our end, I see the indicator working as expected when running the indicator On Bar Close and On Each Tick. When running the indicator with calculate On Bar Close, the RSI bands will plot up to the previously closed bar. If you run the indicator with calculate On Each Tick, the RSI bands will plot up to the current building bar.

Let us know if we may assist further.

[Alex Ledenev]

Hello Brandon,
Thank you very much for your prompt response. I might be wrong but as far as I understand the RSI bands is pretty much the same as a Reverse Engineering RSI indicator. And, for example, if I set it to calculate On Bar Close on 2 minutes chart it should update Upper and Lower bands values every 2 minutes and if I set it to calculate On Each Tick or On Price Change upper and lower values should change with every tick or price change respectively. In my case upper and lower values change only when bar closes no matter if I change indicator settings to On Each Tick or On Price Change so I wonder if something wrong with my setup or RSI bands indicator is different from Reverse Engineering RSI and suppose to work this way.
Thank you so much for your help

[NinjaTrader_BrandonH]

Hello Alex Ledenev,

Thank you for your note.

The developer of the RSIBands indicator, Paul, has informed me that this is the expected behavior of the RSIBands indicator. When the RSIBands indicator is set to calculate OnBarClose, the upper and lower bands will update on the close of a bar and plot up to the most recently closed bar (not the current building bar). If you change the RSIBands indicator to calculate OnEachTick/OnPriceChange, the upper and lower bands will update at the close of the bar but plot up to the current building bar instead of the most recently closed bar.

Let us know if we may assist further.

[Alex Ledenev]

Got it. Thank you, Brandon!