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Oscillator Reversal

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Product Description

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oscillator reversal

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 )
  • 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

Software Changelog

  • 12 Jan 2022 - The indicator was released (build new).

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    ninZa.co Products With Top-Notch Assistance From Grace You have been always very helpful, Grace!

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    EOB Ordering

    What a great tool -- works perfectly now --- so damn beautiful on my chart and exactly what I have been looking for...
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    Gonna love this one forever! This is clearly the best trading tool investment I have ever made!
    Can't thank you guys enough.

  3. product_image Oscillator Reversal $$
    5 5

    I just purchased the Volume Delta indicator and am very impressed by it so far

    I had purchased another indicator a week or so ago, but did not feel that was a good fit for my trading. I contacted Hannah at support and requested a “trade in” so I could switch to the Volume Delta. Hannah handled all the details of credits and debits, and made it easy for me to purchase the new indicator without the slightest problem. I occasionally have difficulties with the installations and she told me if I had any trouble to let her know and she would get it installed for me. Hannah has helped me in the past when I had trouble installing, and knowing that she is there to back me up if I need her help is perfect for me. Many thanks!

These testimonials may not be representative of the experience of other users or customers and do not guarantee future performance or success.

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