Buy If Close higher than previous highest bar

[Ousher]

I'm trying to write out a strategy where I will buy if the current bar closes above the Highest High of a green bar (Open < Close) in the previous 20 bars.


Any help or suggestions?

Thanks!

[NinjaTrader_PaulH]

Hello Ousher,

Thanks for your post and welcome to the NinjaTrader forums!

If I understand correctly you want to buy if the current bar is green and closes above the previous 20 bar high.

A bar is green if the Close[0] is greater than the Open[0]

You can get the Highest high value of the previous 20 bars by using the MAX() indicator set to the High data series, starting at the previous bar with a look-back of 20, something like MAX(High, 20)[1]. Reference: https://ninjatrader.com/support/help...aximum_max.htm

Putting it together would be:

if (Close[0] > Open[0] && Close[0] > MAX(High, 20)[1])
{
// entry order here
}

[Ousher]

Hello Ousher,

Thanks for your post and welcome to the NinjaTrader forums!

If I understand correctly you want to buy if the current bar is green and closes above the previous 20 bar high.

A bar is green if the Close[0] is greater than the Open[0]

You can get the Highest high value of the previous 20 bars by using the MAX() indicator set to the High data series, starting at the previous bar with a look-back of 20, something like MAX(High, 20)[1]. Reference: https://ninjatrader.com/support/help...aximum_max.htm

Putting it together would be:

if (Close[0] > Open[0] && Close[0] > MAX(High, 20)[1])
{
// entry order here
}

Hi Paul, thanks for the response.

Thats basically it but with one little twist. The High of the previous 20 bars HAS to be Green as well.

So if we're in a downtrend and all the previous 20 bars are red, then we wont do anything.

[NinjaTrader_PaulH]

Hello Ousher,

Thanks for your reply.

We do have a HighestBar() but that would include the current bar so it would not work for you. I would suggest running a for loop and checking for the highest high and as found save the high value in a variable and save the bars ago in a variable. With the bars ago you can then check the Close to Open of that bar.