NOB Spread

[BTS]

Hi

The following is the spread formula we use for the NOB Spread (Notes
Over Bonds)

We would like to convert it to esignal format.

Thank you

Value1= fracportion (close data1-close data2);
Value2= Intportion (close data1-close data2);
Value3= Value1*32;
Value4=((Value2 *32)+ Value3);
Plot1 (Value4)

[fabrizio]

Alex can you take a look at this?

Alex can you take a look at the previous post?.

I do not beleive is neccessary and EFS , just the usual formula for sperad right in chart.

Did I missed something in terms of 32/ ?

[ACM]

Fabrizio
In this case an efs is actually necessary because using a straight symbol spread will return a value in decimals rather than in 32nds (the values will be correct though).
Just as an example run the enclosed NOB spread script on a ZN chart. This will not plot anything on the chart itself but returns to the Cursor Window the spread expressed in 32nds and a half (ie the format for ZN)

function preMain() {
    setPriceStudy(true);
    setStudyTitle("NOB");
    setCursorLabelName("NOB");
      
}
function main() {

var ZN = close(0,-1,"ZN H4");
var ZB = close(0,-1,"ZB H4");
var NOB = formatPriceNumber(ZN-ZB);

return NOB;
} 

In the chart below I plot ZN H4 as the primary symbol, ZB H4 as the green overlay and run the NOB spread (blue value in the Cursor Window). As you can see the value at the cursor is 1255 ie 1 25/32 and 1/2.
In the next chart I instead plot it as a symbol spread and it returns 1.79 which per se is correct as it translates to 1 51/64 (ie 1 25/32 and a half in CBOT lingo) but is not very usable IMHO by treasury traders
Alex

[fabrizio]

AMOF I'v Missed something on 32/.

Thanks

[BTS]

Thank you for the response..

[ACM]

BTS
FYI with the new 7.6 (build 634) release spreads should now display in the appropriate format. This means that in the case of the NOB spread it will now plot it in 32nds (see image below)
Alex