Question on how to go about automating trades based on Indicator

[mtamaku]

Hello: I have these questions using NT 7

(1) What programming language NT 7 is using ?
(2) Do you need to be a developer to create an automated strategy ?
(3) How do I know if I have the code for an Indicator ? where do I look for it ?
(4) Is it possible to generate a code backward from the indicator ?
(4) Is there a way in NT7 to use the indicator to create a automated strategy like I have seen in NT 8.?

Let say this is an simple MACD type indicator where I want to place a trade when color changes from green to red for sell order and close the trade when color changes back to green.

Thanks

[NinjaTrader_ChelseaB]

Hello mtamaku,

NinjaScript is written in C#.

Below is a link to a forum post with helpful information about getting started with NinjaScript in NinjaTrader 7.

https://ninjatrader.com/support/forum/forum/ninjatrader-7/indicator-development-aa/94724-help?p=775232#post775232

Simple strategies can be created with the Strategy Wizard. I recommend watching the Strategy Wizard 301 video.

If an indicator is open source, you can open this in the Tools > Edit NinjaScript > Indicator window.

I don't believe there is a way to generate code backward from an indicator.

Indicators can be called from a strategy and the strategy can use this to make decisions such as when to exit or enter the market based on the indicators values.

The MACD indicator included with NinjaTrader does not change color. However, you can trigger actions when the Open[0] of the bar is less than (or greater than) the Close[0]. When the open is less than the close the bar is an up bar and typically green, when the open is greater than the close it is a down bar and typically red.