Reversal Candle

[pickles1774]

I would appreciate if anyone can assist me. I need to know how can I avoid taking trade near or at the reversal candle. So basically, I dont want it to take a trade at the reversal candle or if a reversal candle is forming I want it to close/flatten the position. The strategy take trades when the blue line crosses below the purple line and the MACD crosses.

[NinjaTrader_BrandonH]

Hello pickles1774,

Thanks for your post.

You could consider using a bool to control when trades are placed by the strategy. In your script, you could create a condition that checks if the previous bar is an up bar (green) and if the current bar is a down bar (red) and flip the bool to false. This would detect if the previous bar was an up bar and reversed to a down bar.

To detect if the previous bar is an up bar, create a condition that checks if the previous Close[1] price is greater than the previous Open[1] price. To detect if the current bar is a down bar, create a condition that checks if the current Close[0] price is less than the current Open[0] price.

A condition would also need to be created to flip the bool to true, such as checking if the previous bar is an up bar and the current bar is an up bar. Then, you would add a condition to the conditions to place your entry order that checks if the bool is true and you would call your entry order method within that condition.

By doing this, the entry order would only be placed when the bool is true and the bool would be false when the bar reverses from a green bar to a red bar.

PriceSeries: https://ninjatrader.com/support/help...riceseries.htm