Using an indicator in a strategy normally found in a panel

[dewurster]

I want to create a strategy that uses an indicator normally not on the chart itself but found below in a panel. For example, if the MACD line (usually found in a panel) crosses above and EMA line, I want to go long. The reverse for a short signal.

Pasted below is the abbreviated code. Your assistance is greatly appreciated!



// Condition set 1
if (CrossAbove(MACD(12, 26, 9), EMA(8), 1))
{
EnterLong(DefaultQuantity, "LONG");
}
// Condition set 2
if (CrossBelow(MACD(12, 26, 9), EMA(8), 1))
{
EnterShort(DefaultQuantity, "SHORT");
}
}

[NinjaTrader_CalH]

Hi Dewurster,

Thank you for posting.

While you can do this type of function, I would recommend that you use a different indicator to test with. The EMA will get you a value closer to the instrument price, while the MACD will return with a value typically less than 1. Thus meaning that the conditions you have provided will never be true.

Could you elaborate what it is you would like to accomplish?

[dewurster]

Indicators are just for illustration of the concept

The two indicators I used are not important. I'm actually using two different indicators in my strategy. They are used to get my point across.

[NinjaTrader_CalH]

Dewurster,

If that is the case then the method you outlined in your first post will accomplish what you are looking to do.