Bar range for 1:1 targets

[PsycTrader1]

Is there an indicator or a way of taking the previous bar range (high to low) and add it to the top and bottom of the previous bar. This would essential provide 1:1 target above the previous bar and a 1:1 target below the bar.

For example:

The previous bar just finished printing and was 5 points (top to bottom). I would like to project a horizontal line 5 points above the previous bar and 5 points below the previous bar.

I do not know how to code, so I am hoping there is an indicator that exists.

[NinjaTrader_ChelseaB]

Hello PsycTrader1,

Welcome to the NinjaTrader forums!

if (CurrentBar < 1)
return;

Print( (High[1] - Low[0]) + High[0]);
Print( (High[1] - Low[0]) + Low[0]);

This is simple enough you could create this with the Strategy Builder to avoid hand programming.

Below is a link to a forum post with helpful resources on getting started with NinjaScript and C# and includes a link to the 'Automate Your Trading with NinjaTrader's Strategy Builder' training video.

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

[PsycTrader1]

Thank you Chelsea.

So all I have to do is copy and paste what you provided into the "Strategy Builder" and it should work?

Also, this "Strategy Builder" is an indicator? I am not looking for automated trading; I am looking for an indicator that prints two horizontal lines for only the previous bar.

Thanks,
Johnathan

[NinjaTrader_ChelseaB]

Hello Johnathan,

The Strategy Builder uses a point and click interface, so you would need to add variables and use offsets with each series to do math and add the values together in the 'Do the following' actions second of the Conditions and Actions section.

The Strategy Builder creates strategies. However, it can generate logic that can be copied and pasted into an indicator script by clicking the View Code button.

Please watch the 'Automate Your Trading with NinjaTrader's Strategy Builder' training video linked in the forum post linked in post # 2.

Attached is an example.