Download link includes irReversalBarsV3
(for some reason the download link still refers to the previous "V2" version's name??)
This NT-8 indicator simply paints a Bullish Reversal bar or a Bearish Reversal bar on your candle stick or OHLC bar chart, it works on Hollow Candlestick charts also.
You might have to change the default color choices if you're using lighter colored chart backgrounds.
Indicator will color the candle bodies solid regardless of the direction they close in (up or down).
The indicator is set to calculate on bar close. (no need for it to be anything else)
Bullish Reversal condition: if((High[0] > Open[0] && Low[0] < Low[1]) && Close[0] > Open [0])
Bearish Reversal condition: if((High[0] > High[1] && Low[0] < Open[0]) && Close[0] < Open [0])
It's not the Holy Grail, but I find it helpful to have a visual clue that suggests "something may have changed here".
Enjoy,
Trade well.
Category NinjaTrader 8 Indicators and More
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