Prevent trading into support or resistance

[rafe0304]

I actually only want to filter out trades that would cross the support or resistance lines. Cant I use CrossAbove or CrossBelow for that?

[NinjaTrader_JessicaP]

Hello rafe0304, and thank you for your question.

To prevent the managing order from SetProfitTarget from being submitted if its profit target would cross a price point, you could use code such as the following :

[FONT=Courier New]
int profitTargetTicks = 5; // example
double myResistanceLine = SMA(14); // example

// this example assumes we enter on the long side of the market
if(Close[0] + profitTargetTicks * TickSize > myResistanceLine)
{
  return;
}[/FONT]

Please let us know if there are any other ways we can help.

[rafe0304]

Thanks, but that doesnt cover the cases were Close[0] is already below a resistance line. Cant I use CrossBelow for that ?

[NinjaTrader_JessicaP]

Hello rafe0304,

Since CrossAbove and CrossBelow both have an overload in this form :

CrossAbove(IDataSeries series1, double value, int lookBackPeriod)

Provided you pass the price point that the profit target would be at as the value parameter, you can certainly use CrossAbove and CrossBelow to compare your price point to a data series. You will want to use your resistance line as the data series in this example.