Reversal Bar Type - futures io
futures io futures trading



Reversal Bar Type


Discussion in NinjaTrader

Updated by Silvester17
      Top Posters
    1. looks_one monolisa with 7 posts (1 thanks)
    2. looks_two Silvester17 with 7 posts (10 thanks)
    3. looks_3 Fat Tails with 3 posts (2 thanks)
    4. looks_4 Quick Summary with 1 posts (0 thanks)
    1. trending_up 13,855 views
    2. thumb_up 13 thanks given
    3. group 4 followers
    1. forum 18 replies
    2. attach_file 3 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Thread Tools Search this Thread
 

Reversal Bar Type

  #1 (permalink)
nnn
 
Experience: None
Platform: NT
 
Posts: 11 since Jul 2009
Thanks: 1 given, 1 received

Reversal Bar Type

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

Reply With Quote
The following user says Thank You to monolisa for this post:

Can you help answer these questions
from other members on futures io?
Convert NinjaTrader NT7 indicator to Tradestation EasyLanguage and RADARSCREEN
Platforms and Indicators
Issue meeting order entry conditions
Elite Automated NinjaTrader Trading
Last 5 minutes Label
ThinkOrSwim
Moving average with Lag reduction
NinjaTrader
Linux?
ThinkOrSwim
 
 
  #3 (permalink)
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,824 since Mar 2010
Thanks: 4,237 given, 26,523 received



monolisa View Post
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.

Reply With Quote
The following 2 users say Thank You to Fat Tails for this post:
 
  #4 (permalink)
nnn
 
Experience: None
Platform: NT
 
Posts: 11 since Jul 2009
Thanks: 1 given, 1 received

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

Reply With Quote
 
  #5 (permalink)
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,824 since Mar 2010
Thanks: 4,237 given, 26,523 received


monolisa View Post
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?

Reply With Quote
 
  #6 (permalink)
nnn
 
Experience: None
Platform: NT
 
Posts: 11 since Jul 2009
Thanks: 1 given, 1 received

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.

Reply With Quote
 
  #7 (permalink)
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,824 since Mar 2010
Thanks: 4,237 given, 26,523 received


monolisa View Post
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?

Reply With Quote
 
  #8 (permalink)
Legendary Market Wizard
Columbus, OH
 
Experience: None
Platform: NT 8, TOS
Trading: ES
 
Silvester17's Avatar
 
Posts: 3,535 since Aug 2009
Thanks: 4,987 given, 11,210 received

reversal bar

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.

Attached Thumbnails
Click image for larger version

Name:	ES 09-10  8_27_2010 (PnF 5 Ticks).jpg
Views:	812
Size:	82.2 KB
ID:	19229  
Reply With Quote
 
  #9 (permalink)
nnn
 
Experience: None
Platform: NT
 
Posts: 11 since Jul 2009
Thanks: 1 given, 1 received

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

Reply With Quote
 
  #10 (permalink)
Legendary Market Wizard
Columbus, OH
 
Experience: None
Platform: NT 8, TOS
Trading: ES
 
Silvester17's Avatar
 
Posts: 3,535 since Aug 2009
Thanks: 4,987 given, 11,210 received



monolisa View Post
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.

Reply With Quote



futures io Trading Community Platforms and Indicators NinjaTrader > Reversal Bar Type




Upcoming Webinars and Events
 

Free BloodHound Licenses to everyone!

June
 

Every journal equals ten meals for the hungry

June
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts