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Comparing multiple volume charts to determine Long or Short
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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
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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
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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.
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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
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