Description
Platform
Availability for:
- NinjaTrader 7 platform: NOT PLANNED
- NinjaTrader 8 platform: AVAILABLE NOW
Notice
- Calculate mode: OnBarClose only
- Trader manual: ready now
Overview
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
Alerts:
- Popup alert
- Sound alert (configurable rearm)
- Email alert (possibly configured as SMS alert)
- Message displayed in Alerts Log window
NinjaScript readiness:
- Can be used in ninZa.co's GRAND* HelloWin (our AMAZING analysis tool)
- Can be used in Market Analyzer
- Can be used in Strategy Builder
- Can be used in BloodHound
- Can be used in 3rd-party indicators, strategies, products
- Professional & clean signature for easy calling
Dedicated NinjaScript signals:
- Signal_State: 1 = high, -1 = low, 0 = middle
- Signal_Reversal: 1 = bullish, -1 = bearish, 0 = no signal
Compatibility:
- Instruments: futures, stocks, indices
- Interval types: timebased or non-timebased, standard or custom
- Chart styles: whatever
Usability:
- Ready to use out of the box
- Fully configurable & customizable with ease
Media
Installation
Please read Installation Guide for details.
Support
FREE support for life! Feel free to ask us anything, anytime.
On NinjaTrader 8, you even have access to our PRIORITY SUPPORT directly from charts.
Please read Customer Service for details.
Software upgrade
All software upgrades for NinjaTrader 7 are absolutely FREE of charge.
All software upgrades for NinjaTrader 8 are absolutely FREE of charge.
A one-time low fee may be required for an upgrade from NinjaTrader 7 to NinjaTrader 8.
Please read Upgrade Policy for details.
Terms
ALL SALES ARE FINAL & NON-REFUNDABLE!
Because software products may be copied and stored easily, we will NOT issue refunds of any kind.
Upon purchasing this software, you agree to be bound by Terms of Service.
Various types of trading software products, all under one roof!
Please check out our NinjaTrader 8 indicators to find ones that fit your needs.
Software Changelog
NinjaTrader 8 version:
- 12 Jan 2022 – The indicator was released (build new).
