Looking for Reversal Bar Marker

[danh18]

Hi everyone,
I use a dynamic renko type of bar on my charts. I was wondering if there was a stock indicator I could use to plot a vertical line on the chart on a reversal bar? Meaning when I get a full bar close in the opposite direction of price movement, I would like it to plot a vertical line right on top of that bar that reversed. This is a process I now do manually and would like to know if it can be automated this way with an indicator.

It would only need to be one line on the last bar that reversed. Then when a new reversal bar is plotted in the opposite direction it could either move the previous line to the new bar or just plot a new one and I guess I could ignore the previous and just focus on the last line that plotted.

Thanks for any insight you could provide.

Dan

[NinjaTrader_ChelseaB]

Hello Dan,

The proper place to inquire about an existing script would be the NinjaScript File Sharing section of the forums.

https://ninjatrader.com/support/forum/forum/ninjascript-file-sharing/ninjascript-file-sharing-discussion

There would not be any 'stock' system indicators installed with NinjaTrader that provide this functionality.

However, you could develop an indicator. This thread is posted in the Indicator Development section of the forums. Are you wanting to attempt to develop this script by coding this in C#?
If so, let me know and I can provide direction.

[danh18]

ChelseaB,

Thanks for the assistance, I was hoping to find something either in a stock indicator or something someone had already coded to do this. I don't have any experience in coding so I don't think doing it myself would be an option. Do you have any coders on this forum that could maybe code this for me for a fee obviously? Is it allowed to offer such services?

Thanks
Dan

[NinjaTrader_ChelseaB]

Hello Dan,

I've moved your thread to the NinjaScript File Sharing section of the forums as this does not pertain to C# development of indicators.

There would not be a system indicator with this specific logic. I am also not aware of an existing addon you could download from the User App Share or the forums.

This thread will remain open for any community members that may know of an existing indicator you can download and import.


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Should you have interest in creating this yourself, below is a link to a forum post with helpful resources on getting started with C# and NinjaScript. Something like this may be possible to create using the Strategy Builder.

https://ninjatrader.com/support/forum/forum/ninjatrader-8/indicator-development/97575-sample-scripts?p=786040#post786040

It appears the logic you are stating is:

if the close of the current bar (0 bars ago) is less than the open of 0 bars ago (meaning the current bar is a down red bar) AND the close of the previous bar (1 bar ago) is greater than the open of 1 bar ago (meaning the previous bar was a green up bar), then draw a vertical line 0 bars ago (on the current bar).

and the reverse as another condition

if the close of the current bar (0 bars ago) is greater than the open of 0 bars ago (meaning the current bar is an up green bar) AND the close of the previous bar (1 bar ago) is less than the open of 1 bar ago (meaning the previous bar was a down red bar), then draw a vertical line 0 bars ago (on the current bar).