Track trade theoretical average

[pjsmith]

Hi,

Does anyone know of a simple indicator I can add to a chart so that as I trade in and out of it (using ES futures if it matters), it can simply show on screen (perhaps just test on the top right) my current theoretical average based on qty, entries and exits? Does'nt sound that hard and might even be able to write it myself, but a few searches and I can't find anything existing, which surprised me.

Thanks for any pointers.

Paul

[NinjaTrader_PatrickH]

Hello pjsmith,

Thank you for your post.

Is this based on manual trades or those of an automated strategy?

If it is manual trades it would involve some unsupported code. If you want to take this on for manual trades, please let me know.

[pjsmith]

Hi,

Thanks for the quick reply. This is for manual trades.

Paul

[NinjaTrader_PatrickH]

Hello pjsmith,

This would require some unsupported code. If you would like to begin programming this I can point you in the right direction. Please let me know.

[shuglu]

http://ninjatrader.com/support/forum/showthread.php?t=53471

[Jack22]

Hello pjsmith,

This would require some unsupported code. If you would like to begin programming this I can point you in the right direction. Please let me know.

I would definitely be interested in this as I've been trying to figure it out for awhile. I can find positions based on instruments, but I haven't figured out how to identify which entry trades in a series of averaged trades to remove from the calculation of the theoretical averaged price

[NinjaTrader_PatrickH]

Jack22,

Thank you for your post and welcome to the NinjaTrader Support Forum!

shuglu provides a link to a forum thread that goes into this a bit further. I would not have any additional information on this.