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Negative Offset from Indicator

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    Negative Offset from Indicator

    Hi, I'm trying to set a protective stop based on the low of the bar with a ATR based offset as the value for the stop. I'm using the strategy builder in NT7 and my log keeps telling me my stop is above the close of the bar. What am I doing wrong? pic included.

    I can't seem to figure out how to set it as the low MINUS ATR. Very odd. Any suggestions?
    Attached Files

    #2
    Hello,

    Thank you for the post.

    Using Price as you have shown would result in syntax like the following:

    Code:
    Low[0] + ATR(14)[0]
    Which could return values like the following:

    Code:
    2000 + 0.4
    The ATR is a value results in a positive number so you could not use this directly as an offset with only the ATR value.

    I believe for this to be used in the wizard with a negative amount, you would need to also subtract 1 from the value to have it become negative.

    When configuring the ATR, you could also use Price as the offset type and enter -1. Please keep in mind this assumes the maximum value the ATR will reach is 1.0, if you see otherwise or have different maximum values, you could make that change here.

    The result would be:

    Code:
    Low[0] + ATR(14)[0] + -1
    or

    Code:
    2000 + 0.4 + -1

    Could you append this change to your script and see if this resolves the problem for you?




    I look forward to being of further assistance.
    Last edited by NinjaTrader_Jesse; 10-26-2017, 01:21 PM.
    JesseNinjaTrader Customer Service

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