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After filling out the form, the Reversal installation file will be sent directly to your computer. We have also prepared documentation↗ on how to use this indicator so that you can easily understand how to install and configure it.
One of the most accurate indicators for ninjatrader 8
Spot the turning points
One of the most accurate indicators showing possible market reversal points. The indicator not only shows entry points, but also sets estimated stops and targets levels.
NinjaTrader 8 Reversal indicator installation process
Installation process
1. Download the indicator by filling up the form above↗, or use the installation file that you've got after purchasing the indicator.
2. Import indicator to NinjaTrader 8 [NinjaTrader –> Tools –> Import –> NinjaScript Add-on –> Select downloaded .zip file]
3. Send machine ID to info@mascapital.uk↗ [Machine ID can be Found at NinjaTrader 8 Control Center –> Help –> About]
Ninja Trader 8 Reversal Indicator configuration
Reversal indicator settings
1. Draw Risk/Reward?: If ON indicator will draw risk per trade with calculated target & stop
2. R/R Tool Template Name: Name of the Risk/Reward template that will be plotted on the chart Inside installation video, you will see how to configure drawing template remember, R/R tool should be set to 1:1
3. Show Signal on * Bars: Defines amount of historical bars to show the signals on, we do not recommend to use more than 100 bars
4. Pivot Density: 4 is optimal number. If there are too many reversal points – use higher numbers 5-7, 4 is strongly recommended
5. Pivot Confirmation (In Ticks): 1-4 are optimal numbers to confirm reversal pivot
6. Signal Confirmation Period: The higher the value – the more chances the indicator will give to the market to confirm the pivot point, We do not recommend to use more than 3
How-to use NinjaTrader 8 Reversal indicator
Reversal indicator principals
This indicator has several rules that must be followed. These rules will allow you to use the indicator to its fullest potential
1. Risk/Reward tool must always be set for 1:1 risk/reward
2. When the signal appears, the probability of hitting the 1:1 target is approximately 85-90% If you are in a trade, you can be sure that there is a high probability that the market will not move on until the 1:1 R/R from the reversal signal is hit
3. Keeping in mind the fact that 85-90% of the times, market hits area of 1:1 R/R after signal plotted. If you are in the trade already and the signal is against you – make sure you are at least above the target point of opposite signal.
4. Before you will take an advantage of a new signal, which appeared on the chart, you need to wait for the completion of the previous one (Completion – is when the market reaches a stop or target level)
5. The target from a signal can be much bigger, but not all of them will hit more than 1:1. It caused by market direction, stage and timeframe. You always need to keep in mind: trend direction, market stage, timeframe, levels, etc
6. Indicator can work only on a time-based chart It works on all timeframes from 1min to 1month The best accuracy and best potential targets can be achieved on 5min+ timeframes
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