How to use Swing Indicator as an Exit Strategy

[conniejforextrader]

Good afternoon,

I'm trying set up a strategy that closes the trade based on the printing of the Swing High of Swing Low from the Swing Indicator. Would you just set the indicator values to equal to trigger the condition?

[NinjaTrader_Jesse]

Hello conniejforextrader,

The swing indicator in general cannot be used for signals as the value can update to new higher or lower swings which will adjust the current swing. This indicator is mostly a visual tool. The swing does have custom methods that can be used in manual coding to retrieve finalized swing instances, that would be the number of bars after the swing which equals the strength setting. You can find an example of the methods that can be used here: https://ninjatrader.com/support/help.../nt8/swing.htm

[conniejforextrader]

Good evening,

Thank you for the prompt response. Do you know of another indicator that I can use as an exit strategy that prints real time Highs/Lows?

[NinjaTrader_Jesse]

Hello conniejforextrader,

I am not aware of another swing indicator, you can access in general the High and Low bar prices if that is what you are asking.

You can look on the public user app share to see if anything custom matches your criteria, you can find that page here: https://ninjatraderecosystem.com/user-app-share/

[conniejforextrader]

"The swing does have custom methods that can be used in manual coding to retrieve finalized swing instances, that would be the number of bars after the swing which equals the strength setting. You can find an example of the methods that can be used here: https://ninjatrader.com/support/help.../nt8/swing.htm"

Can you expand on this? If I get the "finalized swing instances", can I them use as an exit conditions in the strategy builder?

[NinjaTrader_Jesse]

Hello conniejforextrader,

Those methods cannot be used in the strategy builder, that is only for manual coding. Those also would not be useful for signals because you would need to wait the number of bars that you set for the strength property. For example if you set 8 bars for the strength you will only know the swing value 8 bars after it has been finalized, for a signal that would likely be 8 bars late. If you can use that data in some way after the amount of bars for strength then you could certainly use those values in conditions.