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Outside Bar Pro

$109

  • License

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Description

PECIAL OFFER

Upon purchasing this indicator, you will receive 2 FREE sounds that read “outside bar” in male and female voices for alerts.

Platform

Availability for:

  • NinjaTrader 7 platform: NOT PLANNED
  • NinjaTrader 8 platform: AVAILABLE NOW

Overview

An outside bar is another classic candlestick pattern, based on an opposite logic to an inside bar. Its range must overshadow the previous bar with a higher high and a lower low. In other words, an outside bar completely engulfs the bar before it. The 2 most important types of outside bars are the very famous and super powerful bullish engulfing and bearish engulfing candlesticks, which give very reliable signals of trend reversals.

An outside bar usually indicates high volatility and can lead to a strong and lasting price action changes.

The Strict mode of Outside Bar Pro lets you choose how outside bars are defined:

  • Strict mode disabled (traditional definition): Outside bars are identified by simply comparing the high & low of the current bar to the high & low of the previous bar.
  • Strict mode enabled (more strict definition): Outside bars are also identified by the condition said above, plus that the close of the current bar must be outside the high-low range of the previous bar.

The indicator also allows filtering outside bars based on their sizes. For example, you can define that outside bars must be at least 0.5 ATR or 10 ticks.

You can also filter an outside bar based on its direction in comparison to the bar before it:

  • Inverse direction: An outside bar and the previous bar have opposite directions (i.e. bullish engulfing or bearish engulfing).
  • Same direction: An outside bar and the previous bar go up or go down together.
  • Both: The direction is not taken into account.

Key features:

  • Identify outside bars based on the Strict mode you select
  • Allow specifying the minimum size of outside bars based on ATR or tick unit
  • Paint the region between high & low of previous bar to indicate the area of outside bar
  • Paint outside bars in 3 different colors based on their states: up, down & doji
  • Trigger alerts on outside bar detected
  • Be NinjaScipt ready for advanced usage, only restricted by your imagination
  • Expose dedicated NinjaScipt 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 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 NinjaScipt signals:

  • Signal_State: 0 = normal, 1 = outside bar

Compatibility:

  • Instruments: CFDs, forex, futures, indices, options, stocks
  • 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

Bonus

Upon purchasing this indicator, you will receive 2 FREE sounds that read “outside bar” in male and female voices for alerts. FYI, these sounds are created with our Alert Sound Maker.

Media

Installation

Please read Installation Guide for details.

Support

FREE support for life! Feel free to ask us anything, anytime.
In NinjaTrader 8 platform, you even have access to our PRIORITY SUPPORT directly from chart.
Please read Customer Service for details.

Upgrade

All upgrades for NinjaTrader 7 and NinjaTrader 8 are FREE to request.
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!
Upon purchasing this indicator, you agree to be bound by Terms of Service.

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■ Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

■ Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

■ NinjaTrader® is a registered trademark of NinjaTrader Group, LLC. No NinjaTrader company has any affiliation with the owner, developer, or provider of the products or services described herein, or any interest, ownership or otherwise, in any such product or service, or endorses, recommends or approves any such product or service.
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