MAX and MIN Question

[canuck]

Just a quick question, if I wanted the strategy to close a position based on the close of the bar in relation to the last 5 bars, is this the proper use of MAX & MIN?

if (Close[0] > MAX(High, 5)[0])
{
ExitShort("", "");
}

It compiles, but it doesn't work properly

Also, if I wanted to use the last price, not the close, what is the code for last traded price?

Thanks
C

[NinjaTrader_RyanM1]

Hi Canuck,

That's the right idea but that particular statement will never trigger true. Close [0] cannot be greater than the highest high of last 5 bars since the bars you're looking at include it.

Alternatives:
if (Close[0] >= MAX(High, 5)[0]) //Checks if the close is greater than or equal to highest high in last 5 bars.

if (Close[0] > MAX(High, 5)[1]) //Starts evaluating the 5-bar highest high starting at one bar prior to the close.

Last price is Close[0] when CalculateOnBarClose = false.

[canuck]

Thanks Ryan, that sounds exactly what I'm looking for!

[laocoon]

Hi RyanM

If CalculateOnBarClose = true and if I want to check that

-the bar PRIOR to the last closed bar is green (bullish candle) OR
-that the last closed bar has a high that is <= the high of the prior bar

would the following code snippet be correct?

Thanks

if ((Open[1]>=Close[1]) || (High[0] <= MAX(High, 1)[0]))
{
BoolFlagLong = true;
}

[NinjaTrader_RyanM1]

Hi laocoon,

The first condition matches your description. For your second condition, you can use:
Close[0] <= High[1]

High[0] and MAX(High, 1)[0] will be the same value.