Barstate_newbar

[rhbishop]

if barstate is newbar, does close() now reference the last price of the newly forming bar. If you want to reference the most recently completed bar your must use close(-1)? If you wish to base your actions on completed bars is this correct??
TIA, Bob

[ckryza]

Bob:

That's how I have done it. If getBarState() == BARSTATE_NEWBAR, that means a new bar is forming and if I want the close of the bar that just completed, I need to use close(-1).

Chris

[gspiker]

You are correct, though in practice the difference in price (if any) between close(-1) on a NEWBAR and close(0) will be very, very small...so you could get away with doing it either way.

Since I don't think there is any additional overhead for close(-1) however, you might as well do it the correct way.

G