Similar in concept to a breakout, many traders like to trade crossovers. This can be a crossover of price from a certain threshold or even an indicator crossing over another indicator.
|•||Determining and storing the first 15 bar high and low values for the current session|
|•||Submitting long or short entry orders depending on which threshold is crossed|
|•||Using a trail stop to exit positions|
Tip: This reference sample sets CalculateOnBarClose to false. The reason we are doing this is so we can submit orders as soon as a crossover occurs instead of waiting for the bar to close before submitting the order.
|1.||Download the file contained in this Help Guide topic to your PC desktop|
|2.||From the Control Center window, select the menu Tools > Import > NinjaScript|
|3.||Select the downloaded file|