Outputting static value from indicator

[tdouglas]

Hi,

If I wanted to output a static value if a condition in an indicator is true is this possible? e.g. create an indicator and output a static value of 1 when below is true....

if (EMA(20)[0] > EMA(20)[60])
output 1

To add context it is to create signals within market analyzer when certain conditions are true.

Thanks
Tim

[NinjaTrader_JC]

Hello Tim,

The Market Analyzer uses the Plot to display the number inside of the Column, so you would want to set the Plot value to 1 when your condition is true inside of a Custom Indicator file.

For example:

protected override void Initialize()
        {
            Add(new Plot(Color.FromKnownColor(KnownColor.Orange), PlotStyle.Line, "Plot0"));
            Overlay				= false;
        }

        /// <summary>
        /// Called on each bar update event (incoming tick)
        /// </summary>
        protected override void OnBarUpdate()
        {
            // Checks to make sure there is atleast 81 bars worth of data before calculating 
            //  so that there is enough data.
            if(CurrentBar < 81)
            {
                   return;
            }
            // Use this method for calculating your indicator values. Assign a value to each
            if (EMA(20)[0] > EMA(20)[60])
            {
                 Plot0.Set(1);
            }
            else
            {
                 Plot0.Set(0);
            }
        }

http://www.ninjatrader.com/support/helpGuides/nt7/plot_class.htm

[tdouglas]

Many thanks for the quick response - that worked perfectly.

Tim

[Harry]

Hi,

If I wanted to output a static value if a condition in an indicator is true is this possible? e.g. create an indicator and output a static value of 1 when below is true....

if (EMA(20)[0] > EMA(20)[60])
output 1

To add context it is to create signals within market analyzer when certain conditions are true.

Thanks
Tim

If you do not want to plot that value, but just want to use it as a trendfilter that can be accessed by other indicators or strategies, you can also use an IntSeries() object to hold those values. You can set the output to 1, if the condition is true, to -1 if the opposite is true, and to 0, if both EMAs are equal.

[tdouglas]

Thanks Harry - I'll take a look at that too.

Tim