max consecutive long/short bars in wizard

[mmetry]

Hi using the strategy wizard in a 20 Range chart, I'm trying to calculate something like "IF there's at least one bar that closed green in the last 4 bars, go ahead and enter short".

Another way to put it would be "IF there's a max of 3 bars that have closed below their respective previous bar's close in a row, go ahead and short. If there's more than 3 in a row, cancel".

I was thinking some indicator related to bar colors could work, but haven't been successful at it.

Thanks a lot!

[NinjaTrader_PatrickH]

Hello mmetry,

Thank you for your note.

You can use the NBarsDown indicator with a BarCount of 4 to check if the last 4 bars are down bars, if not it will return a value of 0 if it is true it will return 1.
So we can say if NBarsDown == 0 then go short.
We will need to setup a User defined input of 0.

I have created a video demonstrating how to setup this condition and action. You may view this video at the following link: http://screencast.com/t/QPjojpslD

Please let me know if you have any questions.

[mmetry]

Worked like a charm. Very nice idea to throw an example screencast in there too, much appreciated!