Why does this Reversal indicator do this?

March 24th, 2011, 10:56 PM

Well Im hoping someone will see this that knows the answer. See on the picture how the reversals are above the candles. Then right at the edge of the screen (right) they are on the candles like they should be. What causes this? Better yet, cause I know nothing of programing, can it be fixed, or does it even need to be fixed? It is fairly annoying to have to constntly "Reloard Ninja script" as I scroll to look back at charts. Can anyone help? Thanks in advance for anythign at all.

Chad

March 25th, 2011, 04:15 AM

If you post the indicator, someone might have a look at it.

March 26th, 2011, 08:19 PM

Yah thanks but after watching it in real time I discoverded that is only posts these reversals like four bars later.
So not something I'm interested in. Thanks anyways.

March 27th, 2011, 08:15 AM

It is probably the "Maximum bars look back" setting for the indicator. Try setting it to "Infinite".

Jigsaw Trading · March 27th, 2011, 08:30 AM

skyfly

Yah thanks but after watching it in real time I discoverded that is only posts these reversals like four bars later.
So not something I'm interested in. Thanks anyways.

This is because it's an indicator.

Indicators can never predict reversals on the bar they occur. They need price movement in the opposite direction to make the indicator show the reversal.

The earlier an indicator shows this, the more false signals it will give.

Why does this Reversal indicator do this?

Discussion in NinjaTrader

Why does this Reversal indicator do this?