Leader MACD Red Line?

[Bogan7]

Hi there I am just looking at the Leader Macd indicator which incorporates a Red line as well as the usual 2 and I was wondering how I could include it in a strategy as I cant seem to find the the red line in the set build conditions of the strategy builder as it simply gives the basic MACD parameters. I am confused and have probably confused everyone reading this so sorry. Any help would be appreciated.

Regards

Bogan7

[ctrlbrk]

If you use the Condition Builder you'll see it can show you what each line is named, or if you use the chart Data Box you can see it there as well.

But if you want to use the leader line, it is:

LeaderOfMACD(12, 26, 9).Leader[0]

HTH.

Mike

[NinjaTrader_JoshP]

Bogan7,

In the Condition Builder, after you have selected your indicator you want to pay attention to the Parameters section on the bottom. You want to pay attention to the Plot parameter to change it to your Leader plot.

[Bogan7]

Hi there thanks for all your help so far guys. What i would also like to do if its possible is once the red line crosses the zero I would like to place my order at 2 ticks above say the 8 ema line and this would move with the chart till about 5 bars then cancel if not filled is this possible?

[NinjaTrader_Ray]

Yes this is possible but very complex using the wizard, this is a task I would advise accomplishing using direct programming.

[Bogan7]

Yes this is possible but very complex using the wizard, this is a task I would advise accomplishing using direct programming.

Thanks for the reply Ray

[ctrlbrk]

Hi there thanks for all your help so far guys. What i would also like to do if its possible is once the red line crosses the zero I would like to place my order at 2 ticks above say the 8 ema line and this would move with the chart till about 5 bars then cancel if not filled is this possible?

Bogan7, brief example:

if CrossAbove(LeaderOfMACD(12, 26, 9).Leader, 0, 1)

EnterLongLimit(EMA(8) + 0.50, "my signal");

GL.

[ctrlbrk]

And I'll add a bit more for you

if (Position.MarketPosition != MarketPosition.Flat)

Useful to know where you stand. .Flat, .Long, .Short...

You'll want to use that so you only enter once. As for resubmitting the order for 5 minutes, if the limit order isn't filled and the condition remains true on the next OnBarUpdate (based on your data interval period ie 1 minute) then it will re-submit it again.

GL.

[Bogan7]

Thank you very much

And I'll add a bit more for you

if (Position.MarketPosition != MarketPosition.Flat)

Useful to know where you stand. .Flat, .Long, .Short...

You'll want to use that so you only enter once. As for resubmitting the order for 5 minutes, if the limit order isn't filled and the condition remains true on the next OnBarUpdate (based on your data interval period ie 1 minute) then it will re-submit it again.

GL.