January 08 S&C article "Profit Locking And The Relative Price Channel"

[NinjaTrader_Ray]

Attached is the "Bear Range Trailing Stop" indicator as discussed in the January 08 S&C article authored by Leaon Wilson titled "Profit Locking And The Relative Price Channel".

This indicator is for NinjaTrader Version 6.5 or greater.

To install:

1. Download the file to your desktop
2. Start NinjaTrader
3. Select the menu File > Utilities > Import NinjaScript
4. Select the downloaded file saved to your Desktop

[jonesenberg]

This particular .zip is giving me an error when importing. Anyone else having issues? I'm quite interested in the idea behind this one.

[NinjaTrader_Josh]

Are you using NinjaTrader 6.5?

[jonesenberg]

Apparently not?! Working on that now and will report...

[jonesenberg]

Upgrading to 6.5 surely did the trick, but interestingly, LinRegSlope no longer plots.

[NinjaTrader_Josh]

That is because of the syntax change to the Slope() function in NT6.5. Go bring up your indicator and remove the CurrentBar references.

If it use to be "...CurrentBar - Period, CurrentBar)" change it to just "...Period, 0)"

[jonesenberg]

The applicable lines read:

{
LRSlope.Set(Slope(LinReg(Period), CurrentBar - Period + 4, CurrentBar));
}


So...:

{
LRSlope.Set(Slope(LinReg(Period), Period + 4, 0));
}

? And thank you for the help, Josh.

[NinjaTrader_Josh]

Right. Btw. Where did you get LinRegSlope? I have it on my comp too, but forgot what I made it for haha.

[jonesenberg]

Right. Btw. Where did you get LinRegSlope? I have it on my comp too, but forgot what I made it for haha.

Awesome, works like a charm. It comes from the Dec '07 S&C release, paired with the rSquared indicator.

Thanks again. I'm sure I'll be back for more.

[bkout]

Per the below message I made the change in the code for the LinRegSlope indicator and saved it and closed the window -- see attached image. However the indicator does not display on the chart. I can choose it but the panel is blank. Did I leave out something I need to do? I'm not familiar with code btw.

The applicable lines read:

{
LRSlope.Set(Slope(LinReg(Period), CurrentBar - Period + 4, CurrentBar));
}


So...:

{
LRSlope.Set(Slope(LinReg(Period), Period + 4, 0));
}

? And thank you for the help, Josh.

[NinjaTrader_Ben]

Hello,

Try adding if(CurrentBar < Period + 4) return; right after OnBarUpdate().

You can't access a bar that does not exist yet.

This link will help explain:
http://www.ninjatrader-support2.com/vb/showthread.php?t=3170

[traderz]

I still can't get the indicator to plot..what am I doing wrong? Also is there a way to plot angle value of the Linear regression Line? Thanks!!


{
if(CurrentBar < Period + 4) return;
LRSlope.Set(Slope(LinReg(Period), Period + 4, 0));
}

[NinjaTrader_Ray]

Are there any error messages in the Log tab of the Control Center window when you apply this indicator to a chart?

There are no ways to access an angle value for lin reg.

[bkout]

The Slope for the Linear Regression posted by anachronist here:
http://www.ninjatrader-support2.com/vb/local_links.php?catid=1&sort=N&pp=15&page=7

( LinRegSlopeSFX - Linear regression slope super fast calc with option for exponential weighting )

matches the Slope indicator in the orignal S&C article (I plotted historical charts and they matched the ones in the article). IMO his formula should replace the one in Ninja

[NinjaTrader_Bertrand]

Thanks for the link and input bkout!

[rt6176]

NT,

I get this display on both Range and Tick charts For the indicator below in post #1.

" Attached is the "Bear Range Trailing Stop" indicator".

Is this the correct display? It doesn't look like the one below???

RJay

[NinjaTrader_Bertrand]

If I'm not mistaken it was designed for long positions on daily charts...