Risk Indicator

[conrwh]

I would like to create a daily indicator that defines market risk (function of dollar index & 10 year yield) as (DXY * TNX)/1.61 and plot this as a line. I'm brand new to NT and don't have any programming experience. I am getting experience with the ins & outs of NT. Any idea how this can be done? To make this even fancier, anyway to color the line according to risk bucket? Green/Low risk - 50-100, Yellow/Moderate risk - 101-200, Orange/High Risk - 201-300, Red/Extreme risk - >=301.

[NinjaTrader_Kate]

Hello,

Thank you for your note.

While we cannot provide step by step guidance in creating indicators or other scripts, we do have a number of resources that we can share that should help you get started in coding your own NinjaScript addons.

All links below are publicly available.

The best way to begin learning NinjaScript is to use the Strategy Builder. With the Strategy Builder you can setup conditions and variables and then see the generated code in the NinjaScript Editor by clicking the View Code button.

I'm also providing a link to a pre-recorded set of videos 'Strategy Builder 301' and 'NinjaScript Editor 401' for you to view at your own convenience.

Strategy Builder 301

NinjaScript Editor 401

If you are new to C#, to get a basic foundation for the concepts and syntax used in NinjaScript I would recommend this section of articles in our NT7 help guide first:

Basic Programming Concepts

For general C# education I have personally found Dot Net Perls to be a great reference site with easy to understand examples.

https://www.dotnetperls.com/

There are a few Sample Automated Strategies which come pre-configured in NinjaTrader that you can use as a starting point. These are found under New -> NinjaScript Editor -> Strategy. You will see locked strategies where you can see the details of the code, but you will not be able to edit (you can though always create copies you can later edit via right click > Save as)

We also have some Reference samples online as well as ‘Tips and Tricks’ for both indicators and strategies:

Click here to see our NinjaScript Reference Samples

Click here to see our NinjaScript Tips

These samples can be downloaded, installed and modified from NinjaTrader and hopefully serve as a good base for your custom works.

Further, the following link is to our help guide with an alphabetical reference list to all supported methods, properties, and objects that are used in NinjaScript.

Alphabetical Reference

And our Educational Resources in the NinjaTrader 8 help guide.

Educational Resources

A set of specific tutorials for creating conditions in the NinjaTrader 8 Strategy Builder in the NinjaTrader 8 help guide.

Condition Builder

If you're going to need prices from those two instruments specifically, you'll need to add them as additional data series within the script using AddDataSeries:

https://ninjatrader.com/support/helpGuides/nt8/adddataseries.htm

As far as coloring the plot, I would take a look at this example specifically in our help guide:

https://ninjatrader.com/support/helpGuides/nt8/multi-colored_plots.htm

You can also contact one of our professional NinjaScript Consultants or Educators who would be eager to create or modify this script at your request or assist you with your script. Please let me know if you would like a list of professional NinjaScript Consultants or Educators who would be happy to create or modify any script at your request or assist you in learning NinjaScript.

Please let me know if I may be of further assistance.