BacktestLineBreak Bars

Summary

SiBacktestLineBreak is the first back testable Line Break bar for NinjaTrader. This unique charting style was invented in Japan, and introduced by NinjaTrader in version 7. The Line Break chart is one of the most effective ways to reduce chart noise.

In this image ยป

  • #1 Points out the missing wick data that is required for accurate back-testing. Price made a big move up that the SiBacktestLineBreak chart shows, but the traditional Line Break is missing.
  • #2 Shows how much the Open price has been modified. Using the true Open price is critical for accurate back-testing.

The traditional Three Line Break chart (shown below) generates a clean looking chart that is quite similar to a Renko chart. It generates an unpolluted visual aid, which is easy on the eyes and simple to follow. Unfortunately, the traditional Line Break chart gives incorrect back-test results, due to the modification of Open prices and the removal of bar wicks.



On the other hand, the SiBacktestLineBreak provides accurate back-testing results by showing the correct Open prices and restoring the wicks. Adding all of the necessary price data is the reason the SiBacktestLineBreak has such a unique look. For more, see the detailed explanation below the chart.

Furthermore, the SiBacktestLineBreak has the ability to correct volume issues with the NinjaTrader LineBreak. For example, the volume for NinjaTrader LineBreak bars are incorrect when the Base period type is set to Tick, Second, Day, Week, or Month. With the SiBacktestLineBreak, this is no longer a concern. Click to see an example.

Resources


Demonstration Video



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