Automated Trading

Automated Trading – Reversal Signal Bars (NT 8)

 

Only the NinjaTrader 8 version of the Reversal Signal Bars indicator is compatible with BloodHound from SharkIndicators or can be used in the Market Analyzer/Strategy Builder of NinjaTrader. You can call it as well from your own NinjaTrader indicators or strategies. It exposes the following data series and plots:

Data Series / Plot Type Description / Value
RVB_Bear_Indication <Boolean> indicates a Bear RVB or pattern
RVB_Bull_Indication <Boolean> indicates a Bull RVB or pattern
BarbWire_Indication <Boolean> indicates BarbWire
EntryBreakout_Indication <Boolean> indicates an Entry or Breakout Bar
Volume_Indication <Boolean> indicates supporting Volume
PatternSize <Integer> Size of the RVB or pattern in ticks
PatternStopEntryPrice <Double> Stop Entry price for the RVB or pattern, 1t above or below it
Plot RVB n/a Bull RVB or pattern   ( +1  )
Bear RVB or pattern   ( -1 )
Plot BarbWire n/a BarbWire   ( +1  )

 

The following settings can be accessed from BloodHound:

Indicator Setting Description
showBW Barb Wire” Pattern
showIB Inside Bar
showRVB Reversal Bar (Pin Bar)
showII Inside Inside Pattern
showIOI Inside Outside Inside Pattern
showOIO Outside Inside Outside Pattern
show2BR Two Bar Reversal Pattern
show3BR Three Bar Reversal Pattern
showOO Outside Outside Pattern
showOB Outside Bar
showFF Final Flag (not a signal in BloodHound)
showPB Inside Bar Pullback (Continuation)
showTBPB Two Bar Pullback (Continuation)
showEBBO Entry Bar or Breakout Bar after a reversal signal or pattern
tickminRange* set the minimum signal bar/pattern size in ticks for each respective reversal signal, also refer here at the bottom of the page
tickmaxRange1stBar for RTH traders, also refer here at the bottom of the page
tickMinOvershoot_* set the minimum overshoot of prior bars in ticks for each respective reversal signal, also refer here at the bottom of the page
showVolume (not a signal in BloodHound)

All other settings like e.g. ShowLast200, ShowAlert, SoundFile and all settings for the text or graphics aren’t used by BloodHound.

more on Reversal Signal Bars & Patterns


A basic BloodHound Setup

For a basic setup in BloodHound use two “Indicator Threshold Solvers”.
https://www.sharkindicators.com/documentation/confidence-solvers/indicator-threshold/

(click to enlarge)
To filter all Reversal Bars or Patterns assign the Long side of the Threshold Solver to the RVB_Bull_Indication Series and the Short side to the RVB_Bear_Indication Series .

Also setup the Thresholds like shown in the screenshot.

(click to enlarge)
To filter only Reversal Bars or Patterns with a size of equal or less than 15 ticks assign the PatternSize Series to both sides of the Threshold Solver.

Also setup the Thresholds like shown in the screenshot.

Resulting Chart

Setting the PatternSize to 15 ticks or less, we filtered that large IOI reversal pattern (yellow box).

(click to enlarge)

More Charts

BloodHound Templates

 


Market Analyzer Column Setup

To setup a Market Analyzer Column follow the instructions in the NinjaTrader help guide:

https://ninjatrader.com/support/helpGuides/nt8/en-us/?market_analyzer.htm

(click to enlarge)

(click to enlarge)
First setup a new column with an indicator as an input value. Chose PAReversalSignalBars as that indicator. Be sure to also setup the right Data Series and Time Frame.
https://ninjatrader.com/support/helpGuides/nt8/en-us/?working_with_columns.htm

(click to enlarge)
To highlight cells in the new column, setup two cell conditions. One for a bull and another one for a bear signal.
https://ninjatrader.com/support/helpGuides/nt8/en-us/?creating_cell_and_filter_condi.htm

Market Analyzer Template

Download the file “Market_Analyzer_Templates.zip” from here and open it. The file contains two  Market Analyzer templates to show how Price Action Indicators can be used with NinjaTrader Market Analyzer.
Just copy the .xml files to the following folder and open them in the Market Analyzer.
…\Documents\NinjaTrader 8\templates\MarketAnalyzer\


Calling  PAReversalSignalBars  from a Custom indicator or strategy

Please, always download the latest version of the Price Action Indicators from the Download page.
Indicator Properties (please see also the settings on the indicator page):

bool showBW,
bool showIB,
bool showRVB,
bool showII,
bool showIOI,
bool showOIO,
bool show2BR,
bool show3BR,
bool showOO,
bool showOB,
bool showFF,
bool showPB,
bool showTBPB
bool showEBBO

int tickminRangeIB,
int tickminRangeRVB,
int tickminRangeII,
int tickminRangeIOI,
int tickminRangeOIO,
int tickminRange2BR,
int tickminRange3BR,
int tickminRangeOO,
int tickminRangeOB,
int tickminRangePB
int tickmaxRange1stBar,

int tickMinOvershoot_IB,
int tickMinOvershoot_RVB,
int tickMinOvershoot_II,
int tickMinOvershoot_IOI,
int tickMinOvershoot_OIO,
int tickMinOvershoot_2BR,
int tickMinOvershoot_3BR

example how to call from your indicator or strategy:

if (PAReversalSignalBars(true, true, true, true, true, true, true, true, true, true, true, true, true, true, 4,4,3,5,6,4,6,5,5,6,15, 1,2,2,2,2,2,2).RVB_Bull_Indication[0])
BackBrushes[0] = Brushes.LightGreen;

if (PAReversalSignalBars(true, true, true, true, true, true, true, true, true, true, true, true, true, true, 4,4,3,5,6,4,6,5,5,6,15, 1,2,2,2,2,2,2).RVB_Bear_Indication[0])
BackBrushes[0] = Brushes.LightPink;

if (PAReversalSignalBars(true, true, true, true, true, true, true, true, true, true, true, true, true, true, 4,4,3,5,6,4,6,5,5,6,15, 1,2,2,2,2,2,2).BarbWire_Indication[0])
BackBrushes[0] = Brushes.Cyan;

NinjScript source code

ExampleForPAI.cs (download) is a small NinjScript source code file, that has a couple of examples in it how to call the Price Action Indicators from another indicator or strategy. If the file is displayed in the browser window you need to right click “Save link as”.
The file needs to be copied to the following folder. …\Documents\NinjaTrader 8\bin\Custom\PriceActionIndicators\

Please contact us for more examples or questions.


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