Help developing simple oscillator

[joek1]

Hi,
I want to develop an oscillator. I have candlesticks on my chart and 2 moving averages. SMA 25 and SMA 300. If a candlestick is above SMA 25 I want a blue colored bar to appear on the oscillator. When a candlestick is above SMA 300 I want the oscillator to have a green colored bar. When a candlestick is below SMA 300 I want the oscillator to have a red bar, and when a candlestick is below SMA 25 I want it to have grey bar.
I also want this oscillator to be in pane 2 (below the candlesticks on the chart). I'm using 5 minute candles.

How can this be done, and is it easy to do? Thanks for any help.

Edit: If this can't be done, then simply the candlestick being below/above SMA 300 producing red/green bars would be sufficient.

[NinjaTrader_Ray]

Yes this can be done and its not that complex at all.

I suggest starting off looking at the indicator development tutorials in our Help Guide as a starting point to gain experience with developing indicators.

Once you have reviewed the tutorials the following code will make more sense:

if (Close[0] > SMA(25)[0]) BarColor = Color.Blue;

If you do not have the time to invest, you can alway opt to contact one of our qualified NinjaScript Consultants.

http://www.ninjatrader.com/webnew/partners_onlinetrading_NinjaScript.htm

[tagomi]

Take this as an inspiration:

http://www.ninjatrader-support.com/vb/showthread.php?t=6160&highlight=elder

[joek1]

Thanks.

I have another question. Can another time frame be 'called on'? For example, the chart that's open is the 15 minute chart, but in the indicator I want to use another time frame as a reference (like the 30 minute time frame for example). How can that be used?

The code I use now is this:

if (Close[0] < SMA(Close, 25)[0])
do something here;

But that code only uses the opened time frame as a reference. I want the SMA to be calculated as if it was being calculated on the 30 minute chart, instead of the opened 15 minute chart. How can this be done?

[NinjaTrader_Ray]

Multi-series is not supported in indicator development but will be for NT7. However, multi-series is supported currently for strategy development. More information on that in the link below.

http://www.ninjatrader-support.com/HelpGuideV6/MultiTimeFrameInstruments.html

[joek1]

Is there another way to calculate what a 25 SMA is on a 30 minute chart in an indicator while you're using a 15 minute chart?

[NinjaTrader_Ray]

Not at this time unfortunately.

[joek1]

Is there a mathematical way to do it?

[NinjaTrader_Ray]

Likely could be done but outside what we provide support for.

[joek1]

Any hint as to where I might look for something like that, or what I could search for?

[NinjaTrader_Ray]

Unfortunately I don't have a hint to share.