The Reversal Signal Bars indicator (for NT 8) now identifies over 15 different signal bars and patterns for possible reversals. We’ve added these three signals:
Inside Inside failed Breakout – II fBO
An Inside Inside Pattern are two consecutive Inside Bars. The pattern is often a trading range or triangle on a smaller time frame and an area of equilibrium. A breakout often fails and tries to reverse back into the II pattern.
The stop entry for a bull II fBO Signal Bar is one tick above the high of the bar and the stop loss is one tick below it.
Inside Outside Inside Continuation – IOIC
An Inside Outside Inside Continuation pattern is another version of an Inside Outside Inside reversal pattern. It occurs as a pullback in a trend or after a trend attempt.
The stop entry for a bull IOIC is one tick above the last Inside Bar and the closest stop loss is one tick below the lowest low of all three bars.
Inside Inside Pullback – II PB
An Inside Inside Pullback pattern is an Inside Inside pattern after a breakout, that is likely to continue in the direction of the breakout. The pattern is often a trading range or triangle on a smaller time frame, a bull or bear flag pattern.
The stop entry for a bull II PB is one tick above the Signal Bar and the stop loss is one tick below the low of the breakout bar, the bar before the Inside Inside pattern.
All Price Action Indicators for NT 8 can now be used with the NinjaTrader Market Analyzer
This Market Analyzer template uses three Price Action Indicators and can be used to check for a confluence of two or more Price Action Indicators.
The Reversal Signal Bars indicator identifies 15+ different Signal Bars or patterns for possible reversals.
The Double Bottom/Top indicator can be used to spot a test of support or resistance before there is a breakout.
If a breakout is successful you often have a Breakout Test of the breakout point (faders of the breakout buy back / sell out of their positions around the breakout point).
It needs to be copied to the following folder:
Please, always download the latest version of the Price Action Indicators from the Download page.
If you already had a trial of our indicators and want to check them out again, just drop us an email with your NinjaTrader Machine ID and we set you up for a another trial.
Please contact us, if you have any questions.