Announcement
Collapse
Looking for a User App or Add-On built by the NinjaTrader community?
Visit NinjaTrader EcoSystem and our free User App Share!
Have a question for the NinjaScript developer community? Open a new thread in our NinjaScript File Sharing Discussion Forum!
Have a question for the NinjaScript developer community? Open a new thread in our NinjaScript File Sharing Discussion Forum!
See more
See less
Partner 728x90
Collapse
NinjaTrader
Comparing multiple volume charts to determine Long or Short
Collapse
X
-
Comparing multiple volume charts to determine Long or Short
I am trying to create a strategy that focuses on the overall trend based on a 5000 Volume chart. And based on the 5000 volume, the trend would either short or long on a smaller volume chart. How can I compare the trend based on a higher volume bar to a lower volume bar with Strategy Builder?Tags: None
-
Hello w0lverine,
This would be to compare the volume of the current bar to the volume of the previous bar.
To confirm, you are trying to compare a higher volume bar to a lower volume bar is this correct?
Comparing the volume of the current bar to the volume of 1 bar ago, would let you know if the current bar's volume is greater than the previous bar's volume.Chelsea B.NinjaTrader Customer Service
Comment
-
Chelsea,
Sorry I might be a little confusing on what I am trying to do. I am trying to set conditions based on a 5000 volume bar chart and then based on the conditions of the 5000 volume bar chart the conditions of a 500 volume bar chart must be met to execute a trade.
So my strategy would for example be like in Strategy Builder:
Group - 5000 Volume Entry Trigger
- EMA above VWAP
- On a 5000 Volume chart
&
Group - 500 Volume Entry Trigger
- EMA crosses above VWAP
Then
Execute Trade
I am just comparing a set of conditions based on one volume frame vs another volume frame.
Comment
-
Hello w0lverine,
Thanks for your reply.
The strategy builder when applied to a chart will adopt the primary series of the chart as the bars to use. If in your case this is a 500 volume bar chart then in the strategy builder you would need to add a series of 5000 volume bars of the same instrument. You would then create your conditions needed and specify the added dataseries where appropriate. Here is a link to a short video on adding a secondary data series to the strategy builder and then creating conditions that use that added data series. https://paul-ninjatrader.tinytake.co...MF8xMTY0NTQyMwPaul H.NinjaTrader Customer Service
- Likes 1
Comment
Latest Posts
Collapse
Topics | Statistics | Last Post | ||
---|---|---|---|---|
Started by geddyisodin, Today, 05:20 AM
|
2 responses
16 views
0 likes
|
Last Post
by geddyisodin
Today, 08:44 AM
|
||
Started by hazylizard, Today, 08:38 AM
|
0 responses
6 views
0 likes
|
Last Post
by hazylizard
Today, 08:38 AM
|
||
Started by Max238, Today, 01:28 AM
|
5 responses
42 views
0 likes
|
Last Post
by Max238
Today, 08:30 AM
|
||
Started by giulyko00, Yesterday, 12:03 PM
|
3 responses
13 views
0 likes
|
Last Post Today, 08:26 AM | ||
Started by habeebft, Today, 07:27 AM
|
1 response
16 views
0 likes
|
Last Post Today, 08:08 AM |
Comment