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Reversal Bars Type NT8
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Add-on for NinjaTrader 8 Trading Platform.
Tick Reversal bars type is a simple volatility-based bars type. The building of such bars is based on a similar concept as the Point and Figure charts but much easier in customization — it has only one parameter. Thus, such bars do not have time component. How they are formed is dependent solely on price action. For example, a new bar is started only if price travels more than specified amount of ticks in the opposite direction.
See also Reversal Bars Type for NT7.
Note: dtReversal bars type utilizes BarsPeriodType enum "slot" #33. This info might be useful for experienced users who use other custom bars types which could interfere with dtReversal.
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