Broker/Data: Tradestation/Tradestation, NinjaTrader, FXCM and Tallinex
Favorite Futures: ES, CL, EUR/USD, TF
Posts: 171 since Aug 2009
Thanks: 99 given,
Ninja Strategy using locked indicator code
I wanted to know if it is possible to create a strategy using an indicator that is not open source. For example, I am currently a subscriber to EOT pro and it is a commercial indicator closed source. I have some strategy ideas that I would eventually like to develop using some of EOT indicators as well as a few others from other companies.
is it possible to use indicators that I dont know the source code and still call them into action through a strategy?
if so, then is it possible to also create an indicator based on these same closed source indicators?
in theory it is possible but the indicators will have to expose their dataseries which is unfortunately not always the case.
Ctrl-D will bring up the data box which shows you which values are getting exposed by the indicators on your chart. only these can be used in a strategy.
i found that some vendors who also sell automated strategies wont expose their indicator values.....
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