Prospective Rebalance Decision Metric
Exposes the allocation plan that a DynamicRebalance or RebalanceOption action is about to execute, so the strategy condition can decide whether that plan is worthwhile.
Prospective Rebalance Decision Metric
Definition
Exposes the allocation plan that a DynamicRebalance or RebalanceOption action is about to execute, so the strategy condition can decide whether that plan is worthwhile.
Parameters
Metric: Allocation Drift, Planned Turnover, Estimated Cost, Expected Benefit, or Net Benefit
Output range: Drift and turnover are portfolio fractions; cost and benefit metrics are dollar amounts
Example
`Rebalance Expected Benefit > Rebalance Estimated Cost` (execute only when the prospective allocation improvement exceeds estimated trading cost)
Usage notes
This indicator is evaluated against the prospective plan inside DynamicRebalance and RebalanceOption. It returns zero in other action contexts.
Full indicator reference