Just new to this forum and would need some help with 2 things
I'm using a iMA function to get the MA value but don't really understand one part of it which is pretty essential.
1) The lastBarShift, as I understood it, this excludes the candle being formed right now and instead looks at index-spot 1 which would be the latest closed candle right? I only want to take action on closed candle and not one that is forming so the shift should be 1? Or am I wrong?
2) As I use the lastBarShift, at what point in time will the MA-average be calculated for? For instance, using 15-timeframe and 2 period with a shift of 1 and it's currently 12:15, does this mean that the iMA-value is calculated for 12:00?
Really appreciate any help. Thanks, code below.
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Forum on trading, automated trading systems and testing trading strategies
Please use the SRC button when you post code. Thank you.
This time, I edited it for you.
Yes lastbarshift set to 1 will give you the value for the most recent closed bar.
However with maShift set to 1 the ma is shifted 1 bar to the right, so you are actually getting the value for the bar previous to that.
Thanks, I just found my post again with some help from Keith. Not easy being the new kid on the street ;)
Keith, if I set maShift to 0, then this should give me the most recent closed bar right if I also have lastbarshift set to 1? That's the first thing I want do, all calculations on the previous closed bar but also, what if I wanted to do this on every tick with the iMA-function, basically doing it live on the forming bar instead of waiting for bars to close, would this be accomplisehd by setting both lastbarshift and maShift to 0? Basically, if I want to trade when the MA's actually cross each other live, will this work ?
Big thanks for the help.
Regards from a snowy Sweden.
Unless there is a specific reason to have the MA offset from the bars, maShift should always be 0.
Then lastbarshift at 0 will give the value for the current bar, at 1, the most recent closed bar.