Strategy on falling RSI

[normanhs66]

Hello everyone,

I am new to creation of ninjatrader strategy and hope i can get some feedback from the forum.

I am trying to strategy to include an overbought condition if RSI is falling from 70 within the past 5 bars.

Is this possible? if so, can you share with me the code?

Thank you.

Norman

[NinjaTrader_Jesse]

Hello,

Thank you for the question.

The default Falling NinjaScript methods would be very simple and only uses the last values, by definition it checks for a falling condition which is true when the current value is less than the value of 1 bar ago.

if you would like to know over a Period you could create this with logic. One example would be based on the description above:

if(RSI(12,14)[0] < RSI(12,14)[1])
{
   //is falling
}

To append more conditions, you can use the && symbol:

if(RSI(12,14)[0] < RSI(12,14)[1] [B]&&[/B] RSI(12,14)[1] < RSI(12,14)[2])
{
   //is falling
}

etc..

You could create the condition 5 times like this to check 5 bars ago.


I look forward to being of further assistance.