Moving Average Stop

[winja]

I am attempting to add another data series to the SMA indicator that plots a line a specified percent below the SMA that I can use as a type of trailing stop. Here is what I have so far:

In Variables region I added
private DataSeries smaStop;

In Initialization section
Add(new Plot(Color.Blue, "SMA"));
Add(new Plot(Color.FromKnownColor(KnownColor.Red), PlotStyle.Hash, "smaStop"));
smaStop = new DataSeries(this);

OnBarUpdate () method
// the added smaStop code to go here similar to below
// with idea to trail SMA
smaStop.Set(SMA(20)[0]*0.97);

An image similar to what I want to get is
The image above is the SMA 20 based on close(blue line) and SMA 20 based on low(red hash line). However, what I would like to achieve is the SMA line and a hash line based on a percent below the SMA line. Your help is appreciated. Thanks, Jim

[NinjaTrader_JoshP]

Not sure I follow you. Isn't what you want already what you have created already?

[winja]

Thanks Josh for your reply,

Please take a look at the code I have attached as a modified version of the SMA indicator. It fails to plot a second DataSeries and only plots the SMA, though the smaStop does appear in the Data Box but without any value.

[NinjaTrader_JoshP]

winja,

You have not created two plots. You need to add them into the Properties region of your code when you use more than one plot. Please see the MACD indicator for an example.

[winja]

Thanks Josh,

I have attached a corrected version which works well for those who may be interested. Please see post 8 above.

[primoto]

Thanks winja
Is it possible to make the indicator enable for different types of moving average
and percent of the stop below 1 ?
Have a nice day

[winja]

Thanks Primoto for the suggestion. I have modified the indicator as you requested however I am having a problem exporting it to an archive file. As soon as I can do that I will post it.

[winja]

Here is the finished version with choice of moving average type: SMA, EMA, HMA, or WMA. The moving average stop is displayed by a colored dot and is offset from the moving average by tenths of a percent. I have set the moving average default color to transparent and only the stop dots appear.

[NinjaTrader_Bertrand]

Thanks for sharing this winja!

[primoto]

Well done winja , thanks