The Combo Reversal indicator can be purchased separately, or is available as part of the Club Membership. To get access to our entire collection of indicators, including any future releases, click here to join the Club.
The NinjaTrader Combo Reversal indicator combines our Custom Bollinger Bands (the indicator allows you to base the Custom Bollinger Bands on anyone of our Moving Averages) and Relative Strength Index (RSI) to identify market reversals, or opportunities where the market is losing momentum. In addition to using those two indicators, the indicator looks for X bars to be apart of the pattern. Not only does the indicator look for a certain number of bars, you are able to control if doji, or inside bars are used / ignored as part of the pattern. In addition, you can tell the indicator to:
- Only signal when the “trigger” bar is outside the upper / lower band
- Only signal when the “trigger” bar close is outside the upper / lower band
- Only signal when the “trigger” bars open is outside the upper / lower band
- Only signal when all the bars in the pattern are outside the upper / lower band
The indicator is built on our Framework, which allows users to easily run the indicator on multiple time frames (MTF), including custom bar types. The following are the inputs that are available to users: