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Alerts based on the body of candlesticks

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    Alerts based on the body of candlesticks

    Hi,

    I am looking for something that will provide me with an alert to assist my form of trading rather than to monitor the charts all day. Hence I have signed up to NinjaTrader in hope that someone can help as I'm not particularly great when it comes to programming. It is (I think anyway) very simplistic however I am struggling!!

    Basically - I am after a script that will alert me once the BODY of a candlestick has formed above/below a certain price (ignoring any wicks). I then want an alert once a candle starts to form in the opposite direction.

    I.e. I want an alert when the body of a green one hour candle is above say 1.4300 on GBP/USD upon formation of a new candle (or indeed an existing one). At this point I enter long on a trade. I then want an alert again once a red (downward) candlestick starts to form indicating that I should close the trade.

    When I say upon formation, say the first 10/20 pips on a 1 hour timeframe or even better, some other indicator that substantiates that there is deifinite direction.

    Hopefully I will then eventually be able to automate this strategy to acutally place my trades too!

    Thanks in advance.

    #2
    Pip Raider,

    Welcome to the NinjaTrader Support Forums. What you are looking for is doable through custom programming as a NinjaScript Strategy.

    As a last resort you can also try one of the 3rd party NinjaScript Consultants here: http://www.ninjatrader.com/webnew/pa...injaScript.htm
    Josh P.NinjaTrader Customer Service

    Comment


      #3
      Thanks so much for the reply. At least I now know it is doable before I spend time on it.

      Comment

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