Strategy Help

[safetrading]

Can someone tell me how to make reference to a peak or dip in an RSI value in a strategy?

thanks for your time.

[NinjaTrader_JoshP]

safetrading,

That is tricky. You need to objectively set out and define what a peak is and what a valley is. When you come up with objective rules then you can program it with the Strategy Wizard. It would just be a matter of comparing prior bar's values with the next bar's value to determine if it is up or down.

[safetrading]

Thanks for the reply. I understand how to reference different values from one bar to the next to create a peak or dip, but what I don't understand is how to refernece that in time. For example, I could say a peak made by the preceding bar being less than the current bar, and next bar is also less than the current bar.

Now we have a peak, but how do I reference that point in time whether is is one bar ago, or 5 bars ago?

safetrading,

That is tricky. You need to objectively set out and define what a peak is and what a valley is. When you come up with objective rules then you can program it with the Strategy Wizard. It would just be a matter of comparing prior bar's values with the next bar's value to determine if it is up or down.

[NinjaTrader_JoshP]

From programming you can set yourself a variable that records what bar the peak was formed and then you can just access this variable whenever you need it.

if (....... peak logic)
     peakOccurence = CurrentBar;

Now you know which bar it occured on. If you wanted to access the price of this bar in the future you can now do something like this:

Close[CurrentBar - peakOccurence]

[safetrading]

Thanks, I'll give it a try.

From programming you can set yourself a variable that records what bar the peak was formed and then you can just access this variable whenever you need it.

if (....... peak logic)
     peakOccurence = CurrentBar;

Now you know which bar it occured on. If you wanted to access the price of this bar in the future you can now do something like this:

Close[CurrentBar - peakOccurence]