Donchian Channel.

[Trader17]

I see a Donchian Channel indicator in NT 8. Does NT 8 also have separate indicators to plot the highest high and lowest low of the last X bars separately? I want to use different values for each and use them in a strategy too that way.
Thank you.

[NinjaTrader_AlanP]

Hello Trader17,

I am unaware of an existing indicator which does such however I built an indicator which will plot the highest high and lowest low of the last XBars. XBars is user defined.

You could modify the attached script to have only the highest high in one indicator and do the same for the lowest low. If you do not have coding experience I could have someone reach out with a list of third party developers that would be interested in creating this for you.

To Import a NinjaScript into NinjaTrader 8 do the following:
From the Control Center window select Tools -> Import-> NinjaScript...
Find the file location.

Please let us know if you need further assistance.

[Trader17]

Thank you very much. Is this dynamic in nature as in look in only the last latest X number of bars and updates on each close. Will I be able to use it in a strategy too?
Thanks.

[NinjaTrader_AlanP]

Hello Trader17,

Yes, the indicator will only look the defined number of bars back and update on each bar close.

Please let us know if you need further assistance.