Help with tick indicator?

[OneLotLarry]

Looking for an example of a simple indicator that would generate a signal when price moves x ticks above the daily low.

After creating a simple strategy based on that idea, I realized that it might be a better to have an indicator that generated the entry signals for my strategy.

Any example or a point in the right direction would be greatly appreciated.

[NinjaTrader_PatrickH]

Hello OneLotLarry,

Thank you for your post.

I would use a strategy alone for this. Below is an example of this idea:

        #region Variables		
        private int xTicks = 10;
        #endregion

        
        protected override void Initialize()
        {
			
        }
		
		protected override void OnBarUpdate()
		{
			if(Close[0] >= (CurrentDayOHL().CurrentLow[0] + xTicks))
			{
				//Do something
			}

[OneLotLarry]

Thank you for your response!

I'm looking to create an indicator for this. It would help me to understand the mechanics of indicator development a bit as well. I know what I want to do, but I think the way the plots work are confusing to me.

I'm not really sure as to what would be a good implementation of this idea so any example / help would be appreciated.

Thank you

[NinjaTrader_PatrickH]

Hello OneLotLarry,

What kind of signal are you looking for? It could be as simple as drawing a triangle or maybe something more complex like changing the plot color, but what is the plot of?