NT8 Strategy and Indicator Difference

[delTik]

what's the difference between strategies and indicators?

I was planning to use an indicator that plots a series only when a strategy has a position but not sure how to do this? The strategy also uses the indicator for entry/exit decisions.

am I right that strategies don't have series like indicators?

Note: NT8 is fantastic!

[NinjaTrader_PatrickH]

Hello delTik,

Thank you for your post.

In NinjaTrader 8 you can plot from a strategy. For information on this please visit the following link: http://ninjatrader.com/support/helpG...tegy_plots.htm

So you could have a strategy calculate the values for the plot and then check that series values for your conditions. You can also change the plot colors to Transparent to "hide" the plot from the chart when not in a position.

For example:

		protected override void OnStateChange()
		{
			if (State == State.SetDefaults)
			{
				Description									= @"Enter the description for your new custom Strategy here.";
				Name										= "Example1505868";
				Calculate									= Calculate.OnBarClose;
				EntriesPerDirection							= 1;
				EntryHandling								= EntryHandling.AllEntries;
				AddPlot(Brushes.Orange, "Example");
			}
		}

		protected override void OnBarUpdate()
		{
			Values[0][0] = Close[0]; // your plot values here
			
			if (Position.MarketPosition == MarketPosition.Flat)
				Plots[0].Brush = Brushes.Transparent;
			else
				Plots[0].Brush = Brushes.Orange;
			
			if (Values[0][0] > Open[0])
				EnterLong();
			else if (Values[0][0] < Open[0])
				ExitLong();
		}