Automated Trading – S/R Breakout Failure (NT 8)
Only the NinjaTrader 8 version of the S/R Breakout Failure indicator is compatible with BloodHound from SharkIndicators . You can call it as well from your own NinjaTrader indicators or strategies. It exposes the following data series:
|Tick_Failure_Bear_Indication||<Boolean>||indicates a Tick Failure Breakout to the upside
(a bearish signal)
|Tick_Failure_Bull_Indication||<Boolean>||indicates a Tick Failure Breakout to the downside
(a bullish signal)
A basic BloodHound Setup
(to filter Reversal Signal Bars for Tick Failures on prior bars)
For a basic setup in BloodHound we use a couple of “Indicator Threshold Solvers”. https://www.sharkindicators.com/documentation/confidence-solvers/indicator-threshold/
Checking for a S/R Breakout Failure of 12 ticks on the current and the two prior bars, we filtered two Reversal Signal Bars (yellow boxes).
Download the file “BloodHound_Templates.zip” from here and open it. The file contains BloodHound template files for the examples from the Reversal Signal Bars and the S/R Breakout Failure indicator. Just copy the .bht files to the following folder and open them in BloodHound.
Calling PASuppResBreakoutFailureTick from a Custom indicator or strategy
example how to call from your indicator or strategy:
if (PASuppResBreakoutFailureTick(12, 0, 1, 20, true, true, true, true).Tick_Failure_Bull_Indication) BackBrushes = Brushes.LightGreen;
if (PASuppResBreakoutFailureTick(12, 0, 1, 20, true, true, true, true).Tick_Failure_Bear_Indication) BackBrushes = Brushes.LightPink;
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