Trading crossovers
Similar in concept to a breakout, many traders like to trade crossovers. This can be a crossover of price from a certain threshold or even an indicator crossing over another indicator.
Key concepts in this example
- Determining and storing the first 15 bar high and low values for the current session
- Submitting long or short entry orders depending on which threshold is crossed
- Using a trail stop to exit positions
Tip: This reference sample sets Calculate to OnEachTick. The reason we are doing this is so we can submit orders as soon as a crossover occurs instead of waiting for the bar to close before submitting the order.
Important related documentation
Import instructions
- Download the file contained in this Help Guide topic to your PC desktop
- From the Control Center window, select the menu Tools > Import > NinjaScript
- Select the downloaded file