Building a better strategy?

[Conceptzx]

Just curious if it more efficient to build an indicator into the code of a strategy, or to leave it external and just reference it?
Are there benefits or burdens to each option?

[NinjaTrader_Jesse]

Hello Conceptzx,

That wouldn't necessarily matter performance wise, calling an indicator is going to take about the same amount of processing that having the logic in the strategy would use. Generally its easier to break parts of your calculations into indicators to simplify the strategies code, the indicator just returns a value or signal to the strategy so the strategy conditions can use that value.

[Conceptzx]

Understood.

Does the OnBarClose, OnEachTick, or OnPriceChange then carry from the strategy, or remain default to the indicator?

Can it be changed through the strategy for each indicator?

[NinjaTrader_Jesse]

Hello Conceptzx,

The strategy will set the indicators Calculate setting to match the strategy when called from the strategy so you would want to plan around that. If your indicator uses OnEachTick but the strategy uses OnBarClose that will affect how the indicator works, there are specific ways to get around that but generally its best to design your indicators to match the strategy if you are making new indicators.

[Conceptzx]

Thank you for the explanation