Announcement
Collapse
Looking for a User App or Add-On built by the NinjaTrader community?
Visit NinjaTrader EcoSystem and our free User App Share!
Have a question for the NinjaScript developer community? Open a new thread in our NinjaScript File Sharing Discussion Forum!
Have a question for the NinjaScript developer community? Open a new thread in our NinjaScript File Sharing Discussion Forum!
See more
See less
Partner 728x90
Collapse
NinjaTrader
identifying full range bars
Collapse
X
-
Tags: None
-
Hi Simon Thompson,
Shouldn't be too difficult, unless I misunderstand the exercise. No NinjaScript required. StrategyBuilder will do.
ad 1)
White Marubozu: Close > Open and Open = Low (+ optional offset) and Close = High (- optional offset)
Black Marubozu: Close < Open and Open = High (- optional offset) and Close = Low (+ optional offset).
If Marubozu, draw background and set your bool bMarubozu to true.
ad 2)
Then check your additional entry logic. If true, enter the trade and set your bool bMarubozu to false (to be able to start over).
If you wanted your Marubozu trigger only to be valid for a certain number of bars, add an int Input "valid for n bars" and a custom int variable "valid until".
When bMarubozu is true, grab the number of the current bar, add your "valid for n bars" and set your variable "valid until" accordingly.
Then, before enterering the trade while your bool bMarubozu is still true, check if the Marubozu signal is still "fresh" enough for a trade. If not, set bool bMarubozu back to false.
ad 3)
To exit a trade after a certain number of bars, enter another int Input e.g. "Exit After N Bars". When not flat, check if BarsSinceEntryExecution >= Exit After N Bars. If true, exit.
Additional thoughts: I myself would add a counter to see how often Marubozus occur. However, you will not be able to do this in the StrategyBuilder. This requires NinjaScript.
StrategyBuilder features are fairly limited, particularly in terms of counters or other calculations (for whatever reason).
NT-Roland
- Likes 1
-
Latest Posts
Collapse
Topics | Statistics | Last Post | ||
---|---|---|---|---|
Started by burtoninlondon, Today, 12:38 AM
|
0 responses
5 views
0 likes
|
Last Post Today, 12:38 AM | ||
Started by AaronKoRn, Yesterday, 09:49 PM
|
0 responses
14 views
0 likes
|
Last Post
by AaronKoRn
Yesterday, 09:49 PM
|
||
Started by carnitron, Yesterday, 08:42 PM
|
0 responses
11 views
0 likes
|
Last Post
by carnitron
Yesterday, 08:42 PM
|
||
Started by strategist007, Yesterday, 07:51 PM
|
0 responses
13 views
0 likes
|
Last Post Yesterday, 07:51 PM | ||
Started by StockTrader88, 03-06-2021, 08:58 AM
|
44 responses
3,983 views
3 likes
|
Last Post
by jhudas88
Yesterday, 06:59 PM
|
Comment