Reversal Bar Type - futures io
futures io futures trading



Reversal Bar Type


Discussion in NinjaTrader

Updated
      Top Posters
    1. looks_one Silvester17 with 7 posts (11 thanks)
    2. looks_two monolisa with 7 posts (1 thanks)
    3. looks_3 Fat Tails with 3 posts (2 thanks)
    4. looks_4 Quick Summary with 1 posts (0 thanks)
    1. trending_up 14,509 views
    2. thumb_up 14 thanks given
    3. group 4 followers
    1. forum 18 posts
    2. attach_file 3 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 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)

 
Search this Thread
 

Reversal Bar Type

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

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

Started this thread 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?
Automatic pattern research with NT
Elite Algorithmic NinjaTrader Trading
How to implement this?
MultiCharts
COTbase for quant trading?
Elite Algorithmic NinjaTrader Trading
Regarding Multicharts strategy trigger
MultiCharts
If ES tracks SPX, why do support/resistance, Level 2, vo …
Emini and Emicro Index
 
 
(login for full post details)
  #3 (permalink)
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,855 since Mar 2010
Thanks: 4,238 given, 26,731 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:
 
(login for full post details)
  #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

Started this thread Reply With Quote
 
(login for full post details)
  #5 (permalink)
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,855 since Mar 2010
Thanks: 4,238 given, 26,731 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
 
(login for full post details)
  #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.

Started this thread Reply With Quote
 
(login for full post details)
  #7 (permalink)
Market Wizard
Berlin, Europe
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,855 since Mar 2010
Thanks: 4,238 given, 26,731 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
 
(login for full post details)
  #8 (permalink)
Market Wizard
Columbus, OH
 
Experience: None
Platform: NT 8, TOS
Trading: ES
 
Silvester17's Avatar
 
Posts: 3,578 since Aug 2009
Thanks: 5,065 given, 11,359 received

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:	875
Size:	82.2 KB
ID:	19229  
Reply With Quote
 
(login for full post details)
  #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

Started this thread Reply With Quote
 
(login for full post details)
  #10 (permalink)
Market Wizard
Columbus, OH
 
Experience: None
Platform: NT 8, TOS
Trading: ES
 
Silvester17's Avatar
 
Posts: 3,578 since Aug 2009
Thanks: 5,065 given, 11,359 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
The following user says Thank You to Silvester17 for this post:
 
(login for full post details)
  #11 (permalink)
Market Wizard
Columbus, OH
 
Experience: None
Platform: NT 8, TOS
Trading: ES
 
Silvester17's Avatar
 
Posts: 3,578 since Aug 2009
Thanks: 5,065 given, 11,359 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,

maybe you'll find some answers here.

I believe this is for nt 7.

Attached Files
Register to download File Type: cs Reversal_TickBars.cs (7.3 KB, 502 views)
Reply With Quote
The following 9 users say Thank You to Silvester17 for this post:
 
(login for full post details)
  #12 (permalink)
nnn
 
Experience: None
Platform: NT
 
Posts: 11 since Jul 2009
Thanks: 1 given, 1 received

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

Started this thread Reply With Quote
 
(login for full post details)
  #13 (permalink)
Market Wizard
Columbus, OH
 
Experience: None
Platform: NT 8, TOS
Trading: ES
 
Silvester17's Avatar
 
Posts: 3,578 since Aug 2009
Thanks: 5,065 given, 11,359 received


monolisa View Post
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.

Reply With Quote
 
(login for full post details)
  #14 (permalink)
nnn
 
Experience: None
Platform: NT
 
Posts: 11 since Jul 2009
Thanks: 1 given, 1 received

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

Attached Thumbnails
Click image for larger version

Name:	PeriodType_ReversalTickBar.png
Views:	308
Size:	12.8 KB
ID:	19240  
Started this thread Reply With Quote
 
(login for full post details)
  #15 (permalink)
Market Wizard
Columbus, OH
 
Experience: None
Platform: NT 8, TOS
Trading: ES
 
Silvester17's Avatar
 
Posts: 3,578 since Aug 2009
Thanks: 5,065 given, 11,359 received


monolisa View Post
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.

Reply With Quote
The following user says Thank You to Silvester17 for this post:
 
(login for full post details)
  #16 (permalink)
nnn
 
Experience: None
Platform: NT
 
Posts: 11 since Jul 2009
Thanks: 1 given, 1 received

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

Started this thread Reply With Quote
 
(login for full post details)
  #17 (permalink)
Market Wizard
Columbus, OH
 
Experience: None
Platform: NT 8, TOS
Trading: ES
 
Silvester17's Avatar
 
Posts: 3,578 since Aug 2009
Thanks: 5,065 given, 11,359 received


monolisa View Post
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:




good luck.

Reply With Quote
 
(login for full post details)
  #18 (permalink)
Magadan Russia
 
 
Posts: 79 since Nov 2010


Silvester17 View Post
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?

Reply With Quote
 
(login for full post details)
  #19 (permalink)
Market Wizard
Columbus, OH
 
Experience: None
Platform: NT 8, TOS
Trading: ES
 
Silvester17's Avatar
 
Posts: 3,578 since Aug 2009
Thanks: 5,065 given, 11,359 received


tst1 View Post
Hey Silvester,is there any knid of bartimer for this type of bars?

sorry, not that I know of

Reply With Quote


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


Last Updated on August 2, 2012


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing
 

Battlestations! Show us your trading desk - $1,500 in prizes!

March
 

Importance of Finding Your Own Way w/Adam Grimes

Elite only
 

Journal Challenge w/Jigsaw

April
     



Copyright © 2021 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