Are parameters related to bar scale?
Author: danfleysher
Creation Date: 8/16/2017 5:33 PM
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danfleysher

#1
I'm looking at a strategy where I buy if the "price is more than X% below previous day's price".

One of the parameters is LookBackPeriod and if my bar scale is daily and my LookBackPeriod is 1, I assume it's looking back 1 day.

BUT if my bar scale is 30 minutes and my LookBackPeriod is 1, will it still look back 1 day or is it looking back 30minutes? (price is more than X% below previous 30 minutes' price)
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Eugene

#2
QUOTE:
will it still look back 1 day or is it looking back 30minutes?

30 minutes, naturally. Wealth-Lab is bar-based and the bar interval is 30-minute.
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danfleysher

#3
So just to clarify, even though it says "price is more than X% below previous day's price", it's still going according to bar interval?
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Eugene

#4
Yes. It should say "bar" rather than "day".