Checking for a reversal bar

[Lonneman]

Hi, this seems really easy, but I couldn't figure out how to make it work.

I am using range charts and I want to identify reversal bars.

I tried this, and although it seems very straightforward, it doesn't work:

bIsReversalBarDown = false;                    
if (Open[0] > Close[1] && Low[0] == Close[0])
    {                    
        bIsReversalBarDown = true;
        BackColor = Color.Green;
    }

Reversal bars are not marked green in the indicator panel. What am I doing wrong?

[NinjaTrader_RyanM1]

Hi Lonneman,

Syntax looks ok. Are you getting any error messages in log tab of control center? You may be running into this issue:

http://www.ninjatrader.com/support/forum/showthread.php?t=3170

[Lonneman]

Thank you, that solved it.

[Southsea]

Request for REVERSAL BAR INDICATOR WITH ALERT

Wow! I was needing exactly the same thing. A reversal bar indicator with audio and visual alert. A reversal bar simply being a bar with higher close than open (after a bar with a lower close than open) or a lower close than open (after a bar with a higher close than open). Would be extremely helpful! Thoughts anyone?

[NinjaTrader_RyanM1]

Southsea,

If you're interested in creating on your own, can see this page for help working with [ ] brackets. It looks like you're just looking to compare price values over a few bars.

http://www.ninjatrader.com/support/forum/showthread.php?t=19346