Indicator value to current price action

[chrisca]

Hello,
Is there a way to assign an indicator a value so when current price interacts with the indicator (crosses above/below), an order will be triggered at the point of interaction? For example: If current price >= SMA, an order will be triggered at the point of contact. In real time, not bar close. Thank you in advance. Every time I try to make this work, the order entry is way off from the point of price/indicator contact.

Also, is there a way to make an order trigger on every candlestick that does this, but not multiple times per candlestick and only if a current order is not open ? I would only like this to happen once per candlestick, but if price interacts with the indicator again 3 bars down and the road no order is currently open, I'd like it to trigger an order on that bar as well.

Sorry for the confusion lol. Thanks again!

[NinjaTrader_Jim]

Hello chrisca,

Thanks for opening the thread and welcome to our support forums!

You could create a strategy that has CalculateOnBarClose set to false to get the entry on the first tick in which the condition becomes true.

The strategy could be made through the Strategy Wizard without having to write the code manually. I have provided a video demonstrating how you can create the condition and action in the Strategy Wizard: https://www.screencast.com/t/btyc1T69e

I would recommend to view the Strategy Wizard 301 recorded webinar for complete run down on using the Strategy Wizard.

Strategy Wizard 301 - https://www.youtube.com/watch?v=FmBiNYsf1e8

CalculateOnBarClose - https://ninjatrader.com/support/help...onbarclose.htm

Please let us know if you have any additional questions.

[chrisca]

Thank you for that Jim. That did help. Now, the other problem I am facing though is that the strategy seems to pick and choose which bar to trigger an order on, even if multiple bars meet the same criteria. Can you help me change this so if there is no order currently open, and another bar meets the same criteria (even if the next bar interacts with the indicator), this will trigger an order as well? Sorry if this sounds confusing, but in a standard market session, there can be 10 candles that will meet this criteria with no open orders, but only one or two of those candles will be triggered.

[NinjaTrader_Jim]

Hello chrisca,

Thanks for the additional question.

You can use "Current market position" to make a condition to enter based on a flat position, and exit based off of a long or short position.

The Strategy Wizard 301 tutorial touches on this here: https://www.youtube.com/watch?v=FmBi...tu.be&t=26m53s

The NinjaScript syntax that the Strategy Wizard uses and the usage for these items can be found in the help documentation. Here is a link to Position.MarketPosition: https://ninjatrader.com/support/help...etposition.htm

Please let me know if I can be of further help.

[chrisca]

Thanks JIm,

This would be easier, yet a little more complicated, but is there any way possible to create a pending limit order that is linked to the current value of an indicator? That way, if price touches or crosses the pending order, it will be filled.

Thanks for help Jim,
Chris

[NinjaTrader_Jim]

Hello Chris,

You could attach an order to an indicator that can start an ATM strategy. This can be done from the SuperDOM or from a chart with Chart Trader.

I have provided a link to the ATM 301 recorded webinar where it demonstrates how you can do this in the SuperDOM window: https://youtu.be/DH9y-j64X1U?t=36m57s

If you have any additional questions, please don't hesitate to ask.