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Product Description
Following the success of Oscillator Trend, we developed Oscillator Reversal, which is another universal indicator that works with any oscillator of your choice, no matter if it's built-in or third-party (RSI, Stochastic, MFI, Awesome Oscillator, CCI...). Get this universal indicator and start experimenting to see which oscillator performs best in identifying trend reversals!
This indicator decides reversals based on the oscillator value in relation to user-defined thresholds. Assume that you set the high, center, and low thresholds at 60, 50, and 40, respectively. Then:
- Assume the oscillator has climbed above 60 for at least X bars (you define this number), then when it falls below 60 a bearish reversal will be given.
- Reversely, assume the oscillator has fallen below 40 for at least X bars, then when it climbs above 40 a bullish reversal will be provided.
The “Late Mode” can be enabled so that the oscillator is required to exceed the Threshold Center for a reversal signal to be triggered.
Key Features
- Plot the chosen oscillator
- Allow choosing any oscillator as input
- Allow smoothing the chosen oscillator (with 11 popular moving averages)
- Allow configuring "Late Mode"
- Allow configuring 3 thresholds: high, center, low
- Colorize the oscillator based on 3 phases: high, center, low
- Highlight high & low zones
- Print markers on reversal appearance
- Trigger alerts on reversal appearance
- Be NinjaScript ready for advanced usage, only restricted by your imagination
- Expose dedicated NinjaScript signals
Dedicated NinjaScript Signals
- Signal_State: 1 = high, -1 = low, 0 = middle
- Signal_Reversal: 1 = bullish, -1 = bearish, 0 = no signal
Product Media
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Indicators Improved My Charts. Hannah's Help And Great Customer Service. Will Buy Again.
I have been using the ninZa.co indicators for several months now and am very happy with what a valuable addition they have been to my charts. I recently decided to add one of the recently released indicators from ninZa.co. But after using for a few days, it wasn’t quite what I had been looking for. I contacted ninZa.co and had the pleasure of working with Hannah for an exchange to a different one of the many available indicators. At the time, the indicator I wanted to purchase to replace the one I had recently bought was on sale. Hannah put through an exchange and without my having to ask, gave me the advantage of the sale price. She also included a pdf that provided education about the indicator I chose to switch to. Any time I have had contact with one of the associates from ninZa.co, I have received excellent customer service, and will not hesitate to purchase from them again.
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An Exemplary Customer Experience At NinZa.Co: Unveiling The Power Of Cumulative Delta
I'm a new customer with ninZa.co and i was needing help today in making a purchase. I made a request on your chat platform and Hannah came to my rescue. She helped me find the what I needed and even offered me a discount. Everything went very smoothly from that point. I made the purchase and she even provided me some documentation on the indicator. I am very pleased with her assistance. Thanks again Hannah for your excellent customer service !!
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Software Changelog
12 Jan 2022
- The indicator was released (built new).
