Plotting and Using the Values of Moving Averages Based on Secondary Price Bars [Algo File Only] (Point-and-Click NinjaTrader® Strategy)

Trading Strategy Summary

This point-and-click strategy for NinjaTrader® was built without code in Quagensia N Edition.

It should be run on 1-minute bars. If you are not paying for intraday market data you can still backtest this strategy on 1-minute bars of Bitcoin/USD (Symbol: BTCUSD) because you can gain access to the 1-minute bars of BTCUSD in the free version of NinjaTrader® for free by setting up the Coinbase market data connection in NinjaTrader®.

This strategy enters a long position, prints information to the NinjaScript® Output window, and draws on the chart if the following conditions are true:

1. The strategy is not currently in a position, i.e. it is flat.
2. The Fast Simple Moving Average (SMA) of the close prices of the primary price bar data series of 1-minute bars crossed above the Slow Simple Moving Average (SMA) of the close prices of the primary price bar data series of 1-minute bars.
3. Either this strategy’s “Five-Minute MA Must Also Have a Crossover” input parameter was set to False due to its check box being unchecked in the NinjaTrader® user interface, or the Fast Simple Moving Average (SMA) of the close prices of a secondary price bar data series of 5-minute bars crossed above the Slow Simple Moving Average (SMA) of the close prices of the secondary price bar data series of 5-minute bars.
4. The “When Bar Updates” section’s logic is being called due to a bar close, tick, or price change event for the primary price bars, which should be set to 1-minute bars when running this strategy.

There is no way (that we know of) to automatically plot a standard, unmodified indicator such as the ones that are built into NinjaTrader®, on a secondary price bar data series using the standard indicator plotting techniques in NinjaScript®. Learn more about this issue.

This strategy demonstrates how to work with multiple price bar data series and indicators based on secondary price bar data series, and demonstrates a point-and-click solution for plotting indicators based on secondary price bar data series by plotting them indirectly by plotting Quagensia N Edition “Editable Time Series” internal variables whose values are set to the same values as the Simple Moving Average (SMA) indicators that are based on a secondary price bar data series rather than plotting the Simple Moving Average (SMA) indicators directly.

This strategy will not plot the secondary price bars on the chart automatically. This is because there is no way (that we know of) for a NinjaScript® strategy to force a secondary price bar data series to appear on a NinjaTrader® chart. Learn more about this issue.

However, by the use of two Quagensia N Edition “Editable Time Series” internal variables that get set to the values of one fast and one slow moving average indicator of the close prices of a 5-minute bar secondary price bar data series it is at least possible to chart the moving averages of the invisible secondary price bar data series on the visible chart of the primary price bars.

The plots of the moving averages of the invisible secondary price bar data series of 5-minute bars will look jagged, or like “stair steps”, because these two moving averages are plotted on the visible chart of the 1-minute price bars, but the value of a moving average based on the close prices of the 5-minute price bar data series can only change at most once every five consecutive 1-minute bars for all price bars in a backtest and all bars on a live chart (with the exception being the last bar on the live chart if “Calculate” is set to a value other than “On Bar Close” and the last bar is partially complete), resulting in a horizontal line that is five 1-minute bars wide, followed by a diagonal line to the new value of the moving average based on the close prices of the 5-minute price bar data series on the next 1-minute bar, followed by another horizontal line that is five 1-minute bars wide, and so on.

How to Use This Strategy

1. Run this strategy on a 1-minute bar chart.
2. Set the “Five-Minute MA Must Also Have a Crossover” input parameter to True from within NinjaTrader® to cause a long entry to occur when moving average crossovers occur on the 1-minute and 5-minute time frames. Set the “Five-Minute MA Must Also Have a Crossover” input parameter to False from within NinjaTrader® to cause a long entry to occur when a moving average crossover occurs on the 1-minute time frame, even if one doesn’t occur on the 5-minute time frame.

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