Sma/ema Hlco/4

[sub5mango]

Hi,

is it possible to set the SMA/EMA indicators to (High+Low+Close+Open)/4?

if not, does anyone have a custom indicator which does that?

cheers

[NinjaTrader_Bertrand]

Hi sub5mango,

Thanks for your post.

You would need to store the ( Open + High + Low + Close ) / 4 calculations in a DataSeries object and pass this in as input to the moving average indicator.

Here is a reference sample demonstrating the use of a DataSeries object -

http://www.ninjatrader-support.com/vb/showthread.php?t=7299

Here is a reference to the section of our HelpGuide discussing a DataSeries object -

http://www.ninjatrader-support.com/HelpGuideV6/DataSeriesObject.html

The code snippet below is an approximation of what you seek:

myDataSeries.Set(( Open + High + Low + Close ) / 4);
SMA(myDataSeries, periodValue)

[sub5mango]

thanks, that worked a treat

code:
myDataSeries.Set(((Open[0]+High[0]+Low[0]+Close[0])/4));AvgR.Set(EMA(myDataSeries, Period)[0]);

[kronie]

out of curiosity, what would you use this compound indicator to demonstrate or track?

also, can you post a recent ES or TF or YM picture of this indicator?

thanks