Reversal Bars

[ruten]

Hi guys!

Anybody knows about types of reversal bars and what indicators of reversal bars are have?

[andyshooktrader]

Hi guys!

Anybody knows about types of reversal bars and what indicators of reversal bars are have?

 

Hope it will help you, from BMT forum:

https://www.bigmiketrading.com/download/vip_elite_circle/1365-download.html?view

https://www.bigmiketrading.com/elite-circle/26005-reversal-bars.html

Bar Logic

-When a new bar is formed, price must move "Direction Size" ticks to establish a bar direction.

-Once a direction is established, if price pulls back "Reversal Size" ticks, a new bar is formed.

-The previous bar does not include the final reversal tick. The final reversal tick forms a new bar.

-The opens and closes of bars are actual ticks. No fake opens or closes.

 

To download, here you have to go:

https://www.sendspace.com/file/vkcfyv

To install:

- copy .cs file in Documents\NT7\Bin\Custom\Type\

- Close Ninja

- Reopen Ninja

 

if you have troubles, open a random indicator from Ninja script editor and recompile...

 

To apply on a chart:

- data series => period => type : ReversalBars and define the parameters "direction size" and "reversal size"

[ruten]

Many thanks, Andy!

[ruten]

So what another indicators are there?