Posted on by TD

Multi-Bar Reversals for the Reversal Signal Bars Indicator

PAReversalSignalBars for NT 8 

Multi-Bar Reversals (MBR) are reversals, where the market tries to reverse over the course of a couple of bars. For a bull reversal there is often a strong bear breakout followed by a strong bull breakout. Often there are a couple of pause bars in between the two breakouts or each breakout can be spread over several bars. It is best if the reversal up is bigger than the sell off down.
Sometimes there is a reversal bar or pattern (a two or three bar reversal) on a higher time frame, e.g. the 30 min chart for a multi-bar reversal that takes place during six bars on the 5 min trading chart.

Entries on a MBR should be taken with some discretion though. If the MBR is large it is better to take a pullback entry. Advanced entry strategies are to BB and SA with a Signal Bar or with limit orders.

All Reversal Signal Bars & Patterns

Reversal Signal Bars indicator

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PABuySellPressure and PASignalBarBreakoutFailureTick for NT8

These two indicators can now be used with calculate “On Bar Close” instead of “On Price Change” which will save processing power in fast markets.
The alerts for indicators were changed to support that calculation setting.

PADayTradingSR for NT 8 

We’ve added a setting to show day trading support resistance for all days on a chart. With another setting you can set the lines and labels to highlight when price is close to them. That indicator can now also be be set to show the:
OoM – Open of the month
OoQ – Open of the quarter
OoY – Open of the year

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