How to find lowest of the last five bars?

[priceisking]

Hi,

I'm trying to build a strategy to adjust my trail stop based on the last 5 bars.

How can I find the lowest value (i.e Low[0]) from the previous 5 bars?

Basically I want to adjust my stop based on the lowest of the previous 5 bar and adjust my stop to that low - 5 ticks for example.


Please let me know how i can do this without writing a whole bunch of if statements. Is there a min() function ?

[NinjaTrader_PaulH]

Hello priceisking,

Thanks for your post.

Yes, there is MIN() and a MAX() method available and you can specify the data series to use so if you wanted to find the Highest High in the last 5 bars it would be MAX(High, 5)[0] The lowest low value in the last 5 bars would be MIN(Low, 5)[0].

References:

https://ninjatrader.com/support/helpGuides/nt8/en-us/?maximum_max.htm

https://ninjatrader.com/support/helpGuides/nt8/en-us/?minimum_min.htm

Also, of interest may be knowing which bar of the lookback is the actual high or low bar, LowestBar() and HighestBar().
References:

https://ninjatrader.com/support/helpGuides/nt8/en-us/?lowestbar.htm

https://ninjatrader.com/support/helpGuides/nt8/en-us/?highestbar.htm

[priceisking]

Thank you so much. Will take a look at this and try to implement it.