Reversal Bars Type NT7 download
Add-on for NinjaTrader 7 Trading Platform.
Tick Reversal bars type is a simple volatility-based bars type. The building of such bars is based on a similar concept as the Point and Figure charts but much easier in customization — it has only one parameter. Thus, such bars do not have time component. How they are formed is dependent solely on price action. For example, a new bar is started only if price travels more than specified amount of ticks in the opposite direction.
Reversal bars type is more particularly used with volume ladder (aka footprint) charts. Many traders who employ MarketDelta prefer to use Point and Figure (PnF) periodicity with Footprint charts. With dtReversal this type of periodicity is available to NinjaTrader users.
Note: dtReversal bars type utilizes PeriodType.Custom1 slot. This info might be useful for experienced users who use other custom bars types which could interfere with dtReversal.
If you are new to NinjaTrader please watch this short video on how to download and install add-ons:
How to install an indicator in NinjaTrader.
1. Download the .zip archive with the NinjaScript assembly (see the link at the foot of the page).
2. Run your NinjaTrader trading platform, go to the “File→Utilities” menu and choose “Import NinjaScript…”.
3. Select downloaded .zip archive and click “Open”.
Then if the installation was correct you will see the success message.
If you want to uninstall add-on, please use “Remove NinjaScript Assembly…” item of the “File→Utilities” menu.