Time indicator development

[cube1984]

Is it possible to create a indicator that will give a alert when a stocks drops for like 5 days?


So a stocks that see a lower closing prcve for 5 days. Can I get any help?

Thx

[NinjaTrader_AlanP]

Hello Cube1984,

Thank you for your note.

To set up an indicator for when you have 5 down days/bars go to Control Center>New>NinjaScript Editor and right click on the indicator folder>New. Then you would add a check to make sure you have more than 5 bars of data and the conditions for lower closes, under OnBarUpdate().

if (CurrentBars[0] < 5) return;

if ((Close[0] < Close[1])
&& (Close[1] < Close[2])
&& (Close[2] < Close[3])
&& (Close[3] < Close[4])
&& (Close[4] < Close[5]))
{
Draw.ArrowDown(this, @"tStocksDrop5DaysArrow down" + CurrentBar, false, 0, High[0], Brushes.Red);
}

You would then have to apply this to a Daily chart and it will draw a Red Down Arrow anytime there was 5 previous down bars.

I have also attached a screen shot how you could build this using the strategy wizard, then click on view code to grab the code and then paste it into an indicator under OnBarUpdate. (See Screen Shot).

Please let us know if you need further assistance.

[cube1984]

Yhx for the code, played around with it looking good. is it possible to draw that arrown under the candle ?

And is is also possible to add a price range so a minimal drop of 5$ on those bars?

[NinjaTrader_AlanP]

Hello Cube1984,

Yes, you would be able to have the arrow drawn under the bar. To accomplish this, you would change the Y input from a value of High at bars index zero to a value of Low at bars index zero.
Please see syntax of the draw arrow.

https://ninjatrader.com/support/helpGuides/nt8/en-us/?draw_arrowup.htm

Yes, it would be possible to require a lower close of at least 5 points by adding +5*TickSize to the more recent bar. For example,

if ((Close[0] +5*TickSize < Close[1])

Please let us know if you need further assistance.