MACDVariation In Strategy?

[lee612801]

Hi,

I wanted to know if the indicator MACDVariation can be used in a strategy? If so, what is the correct ninjascript format for the long and short entries?


Thank you,

Lee

[NinjaTrader_BrandonH]

Hello lee162801,

Thank you for your post.

Are you referring to the MACD Variation indicator located in the NinjaTrader Ecosystem User App Share center linked below?

https://ninjatraderecosystem.com/user-app-share-download/macd-variation-2/

If so, yes that MACD Variation indicator is able to be used in a NinjaScript strategy. The Strategy Builder could be used to set up order entry conditions based on the MACD Variation plot. Then, you could click the 'View code' button to see the code used for your condition. Something you could do is create a condition that checks if the MACD Variation indicator is greater than 0 and call EnterLong. Or, you could check if the MACD Variation plot is less than 0 and call EnterShort.

See the help guide documentation for more information.
How to make indicator to value comparisons - https://ninjatrader.com/support/help...lueComparisons

Please let us know if we may assist further.

[mbyers]

What is the significance of the diamonds in the MACD Variation?

[NinjaTrader_BrandonH]

Hello mbyers,

Thanks for your note.

This could be seen by downloading the MACD Variation indicator and viewing the script in a New > NinjaScript Editor window.

A fuchsia diamond will be drawn if the current Close price is less than the WMA indicator AND the current High price is greater than or equal to the EMA indicatior.

A gray diamond will be drawn if the EMA is greater than the WMA indicator AND the current Close price is greater than the WMA.

See the code from the MACD Variation indicator below.

if (Close[0] < WMA(WMAPeriod)[0] && High[0] >= EMA(EMAPeriod)[0])
    Draw.Diamond(this, "MyDiamond" + CurrentBar, true, 0, High[0] + 1 * TickSize, UpperDiamondColor);

else if (EMA(EMAPeriod)[0] > WMA(WMAPeriod)[0] && Close[0] > WMA(WMAPeriod)[0])
    Draw.Diamond(this, "MyDiamond" + CurrentBar, true, 0, Low[0] - 1 * TickSize, LowerDiamondColor);

Let us know if we may assist further.