Calculate third of the bar?

[tkaboris]

What is the suggested sysinct way to code that condition that if close[0] < then third of the body of previous bar then no trade? I know the long way but was wondering if there is a short way?
Thank you

[NinjaTrader_ChrisL]

Hello, thanks for writing in.

Heres how you would find one third of the bar:

1. Find the difference between the opening and closing prices of the bar. Let's call this difference "D." var D = (Open[1] - Close[1])

2. Divide D by 3 to calculate one-third of the price range: var OneThird = D / 3.

3. If the opening price is higher than the closing price, subtract OneThird from the closing price to find the one-third point within the bar. This represents the distance from the closing price towards the opening price.

Example: var OneThirdPoint = Close[1] - OneThird.

4. If the closing price is higher than the opening price, add OneThird to the closing price to find the one-third point within the bar. This represents the distance from the opening price towards the closing price.

Example: var OneThirdPoint = Close[1] + OneThird.

[zeller4]

What is the suggested sysinct way to code that condition that if close[0] < then third of the body of previous bar then no trade? I know the long way but was wondering if there is a short way?
Thank you

Hello @tkaboris,
I'm using a similar indicator showing quarter points per candle so I appreciate your question about the one-third data. Please tell us what the gold and blue indicator settings are. I'm curious why the "dogleg" occurred in the gold one. Thanks.