open position after n bars close above average

[remorim]

Hello,

I am trying to create a strategy through the Strategy Builder where a long position is initiated after 2 consecutive price bars close above the SMA. To achieve this I tried adding two conditions in Conditions and Actions as follows;

IF ALL of the following conditions are met:
1st condition:
Price --> Close --> Bars Ago (0)
Cross Above --> Look back period (1)
Indicator --> SMA --> Bars Ago (0)

2nd condition:
Price --> Close --> Bars Ago (1)
Cross Above --> Look back period (1)
Indicator --> SMA --> Bars Ago (1)

Do the following:
EnterLong(DefaultQuantity,"");

And I tried various combinations but its not giving the desired results.

Thank you,
Remo

[remorim]

Bool saves the day!

I had been searching the forums but didn't find the answer so after posting above I decided to browse the forums to learn new things and found the bool example at the thread https://ninjatrader.com/support/foru...dicator-does-y

Replicated it and worked like a charm.

Thanks.

[Emma1]

This is a brilliant solution that you have found.

[NinjaTrader_ChelseaB]

Hello remorim,

You would not want to use CrossAbove as the operator in the center.

You would want two conditions in the same condition set. The first is Price > Close > Bars Ago 0, is greater than, Indicators > SMA > Period. The second is Price > Close > Bars Ago 1, is greater than, Indicators > SMA > Period.

The solution you have linked would not be looking for two consecutive bar closes above the sma. Instead, this would be creating a trigger with a bool after one action, and then triggering another action after a certain amount of bars, basically using each condition set as a wait for a new bar..

[remorim]

Hello Chelsea,

Your suggestion worked as well. It's much simpler than using the bool's.

Many thanks.

[mgalal]

Is there a way to make this approach more dynamic and allows for optimization with arbitrary number of bars closing above the SMA? Thanks again.

[NinjaTrader_ChelseaB]

Hello mgalal,

You are wanting to increment a counter each time a condition is true (when Close is above SMA)?

The only math possible is with offsets on Series. Below is a link to an example of a counter using Series and offsets with the Strategy Builder.

https://ninjatrader.com/support/forum/forum/ninjatrader-8/indicator-development/1078475-setting-a-crossover-within-n-bars-form-another-condition?p=1078538#post1078538