NexusFi: Find Your Edge


Home Menu

 





Rockwell ADR stop and target indicaor - not calculating correctly


Discussion in NinjaTrader

Updated
      Top Posters
    1. looks_one Quick Summary with 1 posts (0 thanks)
    2. looks_two mlarocco with 1 posts (7 thanks)
    3. looks_3 Jason11 with 1 posts (3 thanks)
    4. looks_4 edhensel with 1 posts (0 thanks)
    1. trending_up 4,344 views
    2. thumb_up 10 thanks given
    3. group 4 followers
    1. forum 3 posts
    2. attach_file 3 attachments




 
Search this Thread

Rockwell ADR stop and target indicaor - not calculating correctly

  #1 (permalink)
Jason11
Los Angeles, CA
 
Posts: 23 since Jan 2010
Thanks Given: 1
Thanks Received: 11

For some reason the StopTargetInfo indicator is not calculating the Average Daily Range correctly.
The daily range is supposed to be the overnight and day session range from High-Low.
The idea behind this is that the stop is supposed to be 10% of the 7day ADR and the target is 15% of the 7day ADR.

I've attached the EvtADR indicator that DOES calculate ADR correctly for reference.

I posted this in the NT forum as well but if anyone wants to take a stab at this, feel free.

Attached Files
Elite Membership required to download: StopTargetInfo.zip
Elite Membership required to download: EvtADR.zip
Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Better Renko Gaps
The Elite Circle
Pivot Indicator like the old SwingTemp by Big Mike
NinjaTrader
Exit Strategy
NinjaTrader
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Trade idea based off three indicators.
Traders Hideout
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Diary of a simple price action trader
26 thanks
Just another trading journal: PA, Wyckoff & Trends
25 thanks
Tao te Trade: way of the WLD
22 thanks
My NQ Trading Journal
16 thanks
HumbleTraders next chapter
9 thanks
  #3 (permalink)
 
edhensel's Avatar
 edhensel 
Summerville, SC
 
Experience: Intermediate
Platform: NinjaTrader
Trading: 6E
Posts: 4 since Jan 2011
Thanks Given: 3
Thanks Received: 1


Jason11 are you successfully trading Rockwell strategies with NT7?

Reply With Quote
  #4 (permalink)
 mlarocco 
East Greenbush, NY
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Broker - AMP Data - Rithmic
Trading: CL, FDAX, TF, YM, NQ
Posts: 40 since Mar 2011
Thanks Given: 4
Thanks Received: 43


Jason11 View Post
For some reason the StopTargetInfo indicator is not calculating the Average Daily Range correctly.
The daily range is supposed to be the overnight and day session range from High-Low.
The idea behind this is that the stop is supposed to be 10% of the 7day ADR and the target is 15% of the 7day ADR.

I've attached the EvtADR indicator that DOES calculate ADR correctly for reference.

I posted this in the NT forum as well but if anyone wants to take a stab at this, feel free.

Here is my best attempt, I believe I have it working although I'm not a NinjaScript programmer. I modified the script to also display the ADR so we can always check if it's being calculated correctly. See how it works out for you.

Attached Files
Elite Membership required to download: StopTargetInfo.zip
Visit my NexusFi Trade Journal Reply With Quote




Last Updated on March 19, 2011


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts