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Parallel Close Slopes
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Parallel Close Slopes

  #1 (permalink)
Trading Apprentice
Futures Experience: Intermediate
Platform: ninja
Broker/Data: TD Waterhouse / kinetick
Favorite Futures: spx.xo
Posts: 23 since Aug 2011
Thanks: 3 given, 3 received

Parallel Close Slopes


I'm just learning to put together some Ninjatrader Indicators and I'm experimenting with the following:

I'm trying to have an indicator identify the difference between Close[0] & Close[1] (Slope), find all equal instances of that Slope and Draw Lines where there are parallell slopes.

I guess I have to use a FOR loop and a DataSeries:

My first attempt looks like this:

protected override void OnBarUpdate()

myDataSeries.Set(Math.Abs(Close[0] - Close[1]));

int i;

for (i = 0; i < 256; ++i)

if ((Close[0] - Close[1]) == myDataSeries[i])
DrawExtendedLine("Slope" + Time, false, 1, Close[1], 0, Close[0], Color.Green, DashStyle.Dash, 2);	


Shouldn't that do something or am I missing a concept as nothing appears and I'm using SVLC Weekly Data which contains 2 sets of parallell slopes.

Close[0] - Close [1] = .11
Close[1] - Close [2] = .11

Close[7] - Close [8] = .08
Close[12] - Close [13] = .08

Thanks for any help.

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