New Indicator to track price

[sourcem]

Hello,

Is there a simple way to make an Indicator which tracks the closing price of a candle but a certain amount of Price level below or above the closing price? For example, if a candle closes at a price of 1750, then the indicator plots a point 30 points below at 1720. It draws a construing line like a MA, but based on a fixed distance from the closing price.

If the closing prices are falling one next to the other, it plots the same line but above the closing price.

Thank you for your support!
Kailash

[NinjaTrader_ChelseaB]

Hello Kailash,

You add a plot or draw an object at the price you would like.

For example
AddPlot(Brushes.Blue, "myPlot");

Value[0] = Close[0] - 30 * TickSize;

[sourcem]

Hi Chelsea, Unfortunately I am NinjaScript illiterate. Can you show me how to do this with Strategy Wizard in NT 8?

I find that easier.

Thanks,
Kailash

[NinjaTrader_ChelseaB]

Hello Kailash,

Attached is a screenshot of how this would look for a drawing object in the Strategy Builder.

Below is a link to a forum post with helpful information about getting started with NinjaScript.

https://ninjatrader.com/support/forum/forum/ninjatrader-8/indicator-development/97575-sample-scripts?p=786040#post786040