Calculation on prices

[Zhorny]

Hi there,

Within the development of indicators on NT6.5/7 can you, for example:
Take the high and low of the previous bar's price and then the high and low prices on the close of the current bar.
Then calculate as follows: (high - low close of current) / (high - low previous) = x.

If x < y make an indicator.

Can this or something similar be done?

Cheers,

Z

[NinjaTrader_RyanM1]

Hello zhorny,

Yes, this is possible with NinjaScript. Please see here for a tutorial on conditional plots:

http://www.ninjatrader-support.com/HelpGuideV6/EnteringCalculationLogic1.html

That tutorial uses a conditional operator, but you can also use if statements to evaluate.

double x = (High[0] - Low[0]) / (High[1] - Low[1]);

if (x < y)
Plot0.Set(1);

[Zhorny]

Excellent.
Can one do the same on other indicators e.g. MACD and Volume?
Next step...learn how to program!

[NinjaTrader_RyanM1]

Yes, it would work pretty much the same with other indicators as well. To get strated with NinjaScript, you should look at using the strategy wizard. This offers a point and click interface. You define conditions by selecting within a GUI and can then view the code for these selections.