Wish List : optional reversal bars

[jtrade]

Steve,

Following a most unusual motherboard failure of my trading computer last week, I have been rebuilding my charts and workspaces in both TradeStation and Ninja. Actually, although it's a pain in the b*tt on the one hand, it's also good to start afresh from time to time...

I've seen others requesting this before, but could we please have the option to turn off Reversal Bars in either the TS8 or NT* add-ons ? If it's easier, just a simpe DP add-on, as used to be available for TS8 (when you first released DPs), would do me.

TIA.

J.

* Preferably NT, as MTP works better in NT than in TS.

[Steve Griffiths]

Hi J.

The coloured reversal bars are part of MTPredictor and necessary for the calculations...

Steve

[jtrade]

Good morning, Steve, and thanks for the response.

There is a difference between calculations and plots. I just want it to be possible not to plot the Reversal Bars as I have got into standard candlesticks. NinjaScript is very flexible - should be simple for a programmer smart enough to write your code ;).

Just a simple "True / False" statement in the indicator inputs...

[jtrade]

Just a simple "True / False" statement in the indicator inputs...

I will happily pay in advance for the hour or so's programming required to add the option not to display reversal bars on the Ninja MTP indicator.

Desperate Dan.

[Steve Griffiths]

Hi Dan,

It is not that simple, as the MTP reversal bars are part of the code and therefore required for the setups

Thanks

Steve

[jtrade]

Hi Dan,

It is not that simple, as the MTP reversal bars are part of the code and therefore required for the setups

Thanks

Steve

Thanks for the response, Steve, and Happy Easter when we get there.

Time to start thinking about golf swings rather than swing charts... :).

[Steve Griffiths]

Thanks for the response, Steve, and Happy Easter when we get there.

Time to start thinking about golf swings rather than swing charts... :).

Yep, with the US Masters this weekend, time to focus on Golf rather than trading for a few days :)

So Tiger Woods will be in the spotlight ;)

Steve

[jtrade]

Ahem.... it's The Masters.

Happy viewing...

[mlomker]

The Masters.

The kids getting much of the press are from Japan and Ireland. I've never cared for sports but golf is international and its home seems to be the US.

The Europeans only care about soccer (err, football). I made the mistake of visiting one year when playoffs were occurring and time seemed to stop.

[Russell Stagg]

Hi Russ,

I have amended this post because it is OK if you wish to do this yourself, but because it removes the MTP colored reversal bars it means that other users could enter on incorrect setups, which I cannot be seen to be promoting.

Again, this is OK for you, on your own personal use, but not to be used blindly by others users who don't have your experience

Thanks

Steve

[Russell Stagg]

Steve

Appreciate what you are saying - but wouldn't it just make a whole lot more sense to update your source code so that up candles have transparent bodies instead of filled bodies?
Its a tiny flaw that is so easily rectified. The Tradestation version doesn't do this.

[Russell Stagg]

I hope Steve doesn' t delete this but here goes...

If you would like an indicator that 'masks' the reversal bars in NT I can supply one ( free).
It does not change or alter the mtp code - just masks the revesal bar bit.
I won't post the code as I respect what Steve is trying to do but for those of us who like proper candles there is now a choice

Please note this means you will NOT see the red and blue bars at all so BEWARE.

NB this is only available for NT 6.5 as I am unable to test on NT7.

[mydet]

Nice one with MTP Color :) and outline

[Russell Stagg]

This is what I had in mind. Nice Candle structure - no filled bodies.
Note - you will see signals that 'disappear' because no reversal bar occurred so beware!

[Russell Stagg]

How very odd.
Worked on friday now today it doesn't - back to the drawing board.
Must be the weather.

[Russell Stagg]

Minor bug sorted.

[Steve Griffiths]

This is what I had in mind. Nice Candle structure - no filled bodies.
Note - you will see signals that 'disappear' because no reversal bar occurred so beware!

Hi Guys

This is why I do not suggest using this, unless you really know what you are doing, as it will give misleading signals as the signals are keyed off the MTP coloured reversal bars, so if you remove them, it can cause confusion.

It is OK for an experienced user, such as Russ, but others be very careful you understand what you are dong....

Thanks

Steve

[Steve Griffiths]

As a PS............

In the upcoming Ninja 7 version, you will be able to set your own colours for the coloured reversal bars, so you can just make them all black, if you like

Thanks

Steve

[Russell Stagg]

Hi Steve

Its actually not the colours that really bother me - it's the fact that the candle bodies are all filled.
Negates having candlesticks,you see - half the visual information is removed.:)

[Steve Griffiths]

Hi Steve

Its actually not the colours that really bother me - it's the fact that the candle bodies are all filled.
Negates having candlesticks,you see - half the visual information is removed.:)

Hi Russ

As we are working on Ninja 7 now, I will ask our Ninja programmer :)

Thanks

Steve

PS, we are aiming to add Elliott Waves and the VSA indicator into the new Ninja 7 version of the MTP RT add-ons

[Russell Stagg]

:D
Bonza!
Looking forward to it.

[mydet]

for version NT 6.5 if you want you can PM me, for free try

[Russell Stagg]

Thanks but I sorted it.

[Steve Griffiths]

Hi Russ

Just heard back form my porgrammer and he says

"Can have an option to paint the candle for down bars and keep it empty and just paint the outline for up candles, will that work?"

Would that be what you want ?

Steve

[Russell Stagg]

Not quite sure I understand...
For Nt the following pseudo code will do it

if down bar(Close[0] < Open[0]?)
{
CandleOutlineColor = downcolor;
BarColor = downcolor;
}

if up bar
CandleOutlineColor = up color;
BarColor = Color.Transparent;
}

[Steve Griffiths]

Hi Russ

Please drop me an email, that will be easiest.....

Thanks

Steve