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irReversalBarsV3
Updated previous version to correctly paint on top of other Paint Bar type indicators. March 26, 2019
Download link includes irReversalBarsV3
(for some reason the download link still refers to the previous "V2" version's name??)
This NT-8 indicator simply paints a Bullish Reversal bar or a Bearish Reversal bar on your candle stick or OHLC bar chart, it works on Hollow Candlestick charts also.
You might have to change the default color choices if you're using lighter colored chart backgrounds.
Indicator will color the candle bodies solid regardless of the direction they close in (up or down).
The indicator is set to calculate on bar close. (no need for it to be anything else)
Bullish Reversal condition: if((High[0] > Open[0] && Low[0] < Low[1]) && Close[0] > Open [0])
Bearish Reversal condition: if((High[0] > High[1] && Low[0] < Open[0]) && Close[0] < Open [0])
It's not the Holy Grail, but I find it helpful to have a visual clue that suggests "something may have changed here".
Enjoy,
Trade well.
Category
NinjaTrader 8 Indicators and More
Details:
irReversalBarsV3
Category:
NinjaTrader 8 Indicators and More
March 21st, 2019
Size: 3.02 KB
Downloaded: 962 times
2050
Botts
Comments/ratings
Maxie
April 4th, 2019 11:50 AM
the indikator is very helpful, great thanks
bobc635
May 7th, 2019 12:39 PM
Much improved over previous reversal bar... Thanks!!!
topdogtony
September 1st, 2019 06:34 PM
I just downloaded this looking forward to using it in conjunction with my other indicators thanks a whole lot.
TraderTS
October 5th, 2019 11:37 AM
Thanks a million!
zoomie
November 21st, 2022 10:43 AM
No Comment
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