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 condition
`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.
Use in a strategy
Add this indicator to a strategy condition, choose its supported parameters and compare the output with the threshold required by your rule. Preserve the same interval and lookback when comparing backtests.
After saving the condition, inspect its asset, interval, lookback and comparison operator against the parameters above. If no trades occur, check whether the condition ever became true and whether the requested input data exists for that period. A missing input is not a zero-valued signal. An indicator produces an input to a rule. It does not establish future returns, and data availability can differ across assets and periods.