Market Analyzer alert not re-arming

[cassb]

Let's say I have an alert set for a bullish engulfing candle. I set the alert to play a sound file and then re-arm after 1 second. I get an alert on the first bullish engulfing, but any future bullish engulfing does not trigger the sound file alert. Am I doing something wrong, or is this a bug?

Bryan

[NinjaTrader_Tim]

Hi cassb,

Thank you for your post, someone will respond shortly.

[NinjaTrader_Kyle]

Hi cassb,

Please provide me with an image of your Market Analyzer as well.

[cassb]

Hi cassb,

Please provide me with an image of your Market Analyzer as well.

Today, I'm not getting any alerts at all. Something's definitely wrong with Market Analyzer.

Bryan

[NinjaTrader_Kyle]

Hi cassb,

Thank you for providing the image.

In this case, you have configured an alert when Bullish Engulfing is equal to 1.

In the Market Analyzer image you provided, no bullish engulfing candles have been found.

Beyond this, please try setting the alert to greater than 0 so that an alert will trigger for all patterns found.

[cassb]

Hi cassb,

Thank you for providing the image.

In this case, you have configured an alert when Bullish Engulfing is equal to 1.

In the Market Analyzer image you provided, no bullish engulfing candles have been found.

Beyond this, please try setting the alert to greater than 0 so that an alert will trigger for all patterns found.

There were two engulfing candles today so far, and neither of them triggered an alert. Whether the value is >0 or =1, it doesn't matter. The analyzer is not changing the value from 0 at all when an engulfing candle happens. Something seems broken.

And by the way, I do have the "Alerts" menu item checked when you right click on the Market Analyzer. So it should be issuing alerts for me.

[NinjaTrader_Kyle]

cassb,

Please add the indicator to your chart and let me know whether or not the patterns are recognized.

[cassb]

cassb,

Please add the indicator to your chart and let me know whether or not the patterns are recognized.

OK I'll try that, Kyle. So you're saying that the indicator must be running on the chart for the Market Analyzer to pick up the signal? I thought the Market Indicator basically ran the indicator itself. In fact, I have had alerts happen before without the CandlestickPattern indicator running on that chart.

OK, I just had a bullish engulfing candle and there was no alert - and the indicator was running on the chart. I'll attach the screen shot.

Bryan

[NinjaTrader_Kyle]

Hi cassb,

If the candle does not meet the criteria required to qualify as a 'Bullish Engulfing' candle, the alert would not have the opportunity to fire.

In testing on my end, the CandlePattern indicator is picking up this pattern. Please check some other instruments on your end to see if the indicator will indeed function.

[cassb]

Hi cassb,

If the candle does not meet the criteria required to qualify as a 'Bullish Engulfing' candle, the alert would not have the opportunity to fire.

In testing on my end, the CandlePattern indicator is picking up this pattern. Please check some other instruments on your end to see if the indicator will indeed function.

I feel like we're going in circles, Kyle. Is the Market Analyzer working as designed or not? I'm not getting a signal when there's clearly an engulfing candle on the chart. I sent you screen shots of how the analyzer is set up. Is it working for you if set up the same exact way?


Thanks,
Bryan

[NinjaTrader_Kyle]

Hi Bryan,

Yes, since no bullish engulfing candles are being identified, the market analyzer is functioning as expected.

The question is, should these candles have been identified as being bullish engulfing candles. So, I need you to provide me with the Open, High, Low and Close prices of the candles that you believe should be identified.

[cassb]

Hi Bryan,

Yes, since no bullish engulfing candles are being identified, the market analyzer is functioning as expected.

The question is, should these candles have been identified as being bullish engulfing candles. So, I need you to provide me with the Open, High, Low and Close prices of the candles that you believe should be identified.

OK, maybe I'm mistaken in what I'm looking for then. I was just looking for a candle body that engulfs the previous candle body. But I see from Investopedia.com that the body has to engulf the whole previous candle, including wicks. Maybe that's why I'm expecting a signal when there really isn't one.

What Does Bullish Engulfing Pattern Mean?
A chart pattern that forms when a small black candlestick is followed by a large white candlestick that completely eclipses or "engulfs" the previous day's candlestick. The shadows or tails of the small candlestick are short, which enables the body of the large candlestick to cover the entire candlestick from the previous day.

[NinjaTrader_Kyle]

Hi cassb,

Thank you for the clarification.

What you are looking for is definitely possible, but there is not a pattern within CandleStickPattrerns that would meet your needs. Rather, an indicator would need to be created through custom programming.

If you are not a programmer, any of the NinjaScript consultants listed at the following link could code this project for you: http://www.ninjatrader.com/webnew/pa...injaScript.htm

[cassb]

Hi cassb,

Thank you for the clarification.

What you are looking for is definitely possible, but there is not a pattern within CandleStickPattrerns that would meet your needs. Rather, an indicator would need to be created through custom programming.

If you are not a programmer, any of the NinjaScript consultants listed at the following link could code this project for you: http://www.ninjatrader.com/webnew/pa...injaScript.htm

I still think this indicator doesn't work correctly. Look at this chart. The bulllish engulfing is signaled here, but this candle does not meet the criteria - I have no idea what it's signaling. I think I will just write my own indicators then. I don't think I can trust this one.

Thanks, Bryan

[NinjaTrader_Kyle]

Hi Brian,

The formula used to find Bearish Engulfing patterns is as follows:
"prior close < prior open
current close > current open
current close > prior open
current open < prior close"

From the looks of it, these candles meet the criteria.