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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: 958 times

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

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