PO
Using OnBar method to set variable
01 Jul 2018, 10:51
I would like to calculate by how much a candlestick goes above or below the outer bands of the Bollingerbands indicator.
This is done on the 5 minute timeframe even though the bot is set on the 1 minute timeframe.
I am aware that the OnBar method will then calculate this variable every minute. I have included a portion of the method used to check the price against the bollinger bands.
I would like to know why the candlePipPiercedTop variable returns different values every minute when I was expecting it to remain constant for 5 consecutive minutes before changing.
OnBar()
{
CheckPricePiercedBollingerBands();
}
private string CheckPricePiercedBollingerBands()
{
if (MarketSeries.High.Last(1) > _bollinger5min.Top.Last(1))
{
double candlePiercedTop = MarketSeries.High.Last(1) - _bollinger5min.Top.Last(1);
double candlePipPiercedTop = candleLengthPiercedTop * 10000;
if (candlePipPiercedTop > 1)
{
Print("candlePipPiercedTop = {0}", candlePipPiercedTop);
return bollingerPierced = "top";
}
else
{
return bollingerPierced = "normal";
}
}
Replies
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pogostick
01 Jul 2018, 11:16
No stress! Realised I was using the wrong market series. All sorted.
@pogostick