Reversal Bar Type

monolisa · (login for full post details)

Hi,

First post in futures.io (formerly BMT) forum. It has to start somewhere

I am looking for a reversal bar type ninjascript but couldn't find it here. Your help is appreciated.

Also, I wish to modify the script so the reversal algorithm won't start until the price levels of the bar equal to or exceed certain tick value. How can I do it?

Thanks!

Kind Regards,
Lis

Fat Tails · (login for full post details)

monolisa

Hi,

First post in futures.io (formerly BMT) forum. It has to start somewhere

I am looking for a reversal bar type ninjascript but couldn't find it here. Your help is appreciated.

Also, I wish to modify the script so the reversal algorithm won't start until the price levels of the bar equal to or exceed certain tick value. How can I do it?

Thanks!

Kind Regards,
Lis

Hi Lis,

Welcome to Big Mike's forum!

Depends on the definitions. For example you can define

Reversal Bar Up

Open and close ís located in the upper third of the range, should be larger than the average true range of the last 14 bars.

Reversal Bar Down

Open and close is located in the lower third of the range, range should be larger than the average true range of the last 14 bars.

Then code your indicator. Code suggested (not tested):

Code

 
protected override void OnBarUpdate()
{
if
(CurrentBar < 14)
return;
 
//Reversal Bar Up
if (Open[0]  > 0.334*Low[0]+ 0.666*High[0] && Close[0] > 0.334*Low[1]+ 0.666*High[0] && Range()[0]>ATR(14)[1])
BarColor = Color.Yellow;
 
//Reversal down
else if (Open[0] < 0.666*Low[0]+ 0.334*High[0] && Close[0] < 0.666*Low[0]+ 0.334*High[0] && Range()[0]>ATR(14)[1]
BarColor = Color.Orange;
}

Plots reversal bars yellow or orange.

monolisa · (login for full post details)

Hi Fat Tails,

Thanks for the codes. Actually what I am looking for is a bar type that create a new bar when price reverses a specific tick amount from the extreme (high/low). It's similar to Point and Figure bar type without the Xs and Os and showing candlestick bar instead.

Would anyone please help me?

Thanks.

Kind Regards,
Lis

Fat Tails · (login for full post details)

monolisa

Hi Fat Tails,

Thanks for the codes. Actually what I am looking for is a bar type that create a new bar when price reverses a specific tick amount from the extreme (high/low). It's similar to Point and Figure bar type without the Xs and Os and showing candlestick bar instead.

Would anyone please help me?

Thanks.

Kind Regards,
Lis

Did you try range or Kagi bars?

monolisa · (login for full post details)

Yes, I tried both. I think the bar type I am looking for is like a combination of Range and Kagi - Range has to be at least y price levels before Kagi algorithm comes into play.

Fat Tails · (login for full post details)

monolisa

Yes, I tried both. I think the bar type I am looking for is like a combination of Range and Kagi - Range has to be at least y price levels before Kagi algorithm comes into play.

Could you give a more detailed definition?

Silvester17 · (login for full post details)

hi lis,

I think you're looking for this:

Quick and Dirty Ninja PnF Bars, version 2|Move the Markets

the creator is richard from move the markets.

monolisa · (login for full post details)

Hi Silvester17,

Thanks. It's close to what I need but still lacking the requirement that the reversal algo do not start till the bar is x tick high.

I just wonder where I should put such requirement in the codes.

BTW, if you import the bar type into NT7, does it go to the indicator folder or type folder?

Thanks.

Kind Regards,
Lis

Silvester17 · (login for full post details)

monolisa

Hi Silvester17,

Thanks. It's close to what I need but still lacking the requirement that the reversal algo do not start till the bar is x tick high.

I just wonder where I should put such requirement in the codes.

BTW, if you import the bar type into NT7, does it go to the indicator folder or type folder?

Thanks.

Kind Regards,
Lis

lis,

not sure, but believe it's only working for nt 6.5.

when imported, you'll find the PnF bars under interval settings (where the range, tick, min bars are located). again this is for nt 6.5, not nt 7.

Silvester17 · (login for full post details)

monolisa

Hi Silvester17,

Thanks. It's close to what I need but still lacking the requirement that the reversal algo do not start till the bar is x tick high.

I just wonder where I should put such requirement in the codes.

BTW, if you import the bar type into NT7, does it go to the indicator folder or type folder?

Thanks.

Kind Regards,
Lis

lis,

maybe you'll find some answers here.

I believe this is for nt 7.

monolisa · (login for full post details)

Great find, Silvester.

Where should I put the file into? NinjaTrader 7/bin/Custom/Indicator or NinjaTrader 7/bin/Custom/Type?

Also, what should I change in the codes to satisfy the range before reversal requirement?

Thanks again.

Kind Regards,
Lis

Silvester17 · (login for full post details)

monolisa

Great find, Silvester.

Where should I put the file into? NinjaTrader 7/bin/Custom/Indicator or NinjaTrader 7/bin/Custom/Type?

Also, what should I change in the codes to satisfy the range before reversal requirement?

Thanks again.

Kind Regards,
Lis

if nt 7 works like nt 6.5, you should put it in bin/custom/type folder.

monolisa · (login for full post details)

I installed the file in Type folder. However, Reversal_TickBars doesn't show up in the Period Type dropdown list (see attached picture).

Oddly, in my Type folder, the GomDeltaBarType is there and it's working fine.

Please help.

Thanks.

Kind Regards,
Lis

Silvester17 · (login for full post details)

monolisa

I installed the file in Type folder. However, Reversal_TickBars doesn't show up in the Period Type dropdown list (see attached picture).

Oddly, in my Type folder, the GomDeltaBarType is there and it's working fine.

Please help.

Thanks.

Kind Regards,
Lis

not sure if you have to restart NT. if that doesn't help, compile any indicator and see if you get an error message.

monolisa · (login for full post details)

I put the script in the indicator folder and now it's working. Thanks, Silvester.

Regarding codes modification, who/where should I ask?

Thanks.

Kind Regards,
Lis

Silvester17 · (login for full post details)

monolisa

I put the script in the indicator folder and now it's working. Thanks, Silvester.

Regarding codes modification, who/where should I ask?

Thanks.

Kind Regards,
Lis

that's interesting, but glad it's working now.

I'm not using it, so I can't help with any modifications. maybe prtester is able to help. he/she posted it here:

Volume Ladder for NT (Gomi)

Here's an indicator based on GomRecorder framework (see NT forums).

Please download it first , latest version here :

It's a volume ladder that includes cumulative delta stuff, I'll document it below.

It works with 6.5 and 7Beta5

Doc is …

good luck.

tst1 · (login for full post details)

Silvester17

lis,

maybe you'll find some answers here.

I believe this is for nt 7.

Hey Silvester,is there any knid of bartimer for this type of bars?

Silvester17 · (login for full post details)

tst1

Hey Silvester,is there any knid of bartimer for this type of bars?

sorry, not that I know of

Reversal Bar Type

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Reversal Bar Type

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