Order Block Reversal Indicator

Three Series OB SMA Cross Indicator for NinjaTrader

Unlock the power of trend detection with the Three Series OB SMA Cross Indicator for NinjaTrader!

Overview

The Three Series OB SMA Cross Indicator is a sophisticated tool designed to help traders identify and capitalize on bullish and bearish market trends. By combining Simple Moving Averages (SMA) and engulfing pattern detection, this indicator provides clear and actionable signals for entering and exiting trades.

Key Features

• Trend Detection with SMA Crossovers: Utilizes fast (1-period) and slow (5-period) SMAs to detect bullish and bearish structure shifts, giving you a reliable indication of market trends.
• Engulfing Pattern Identification: Detects bullish and bearish engulfing patterns, highlighting potential reversal points with precision.
• Dynamic Bar Coloring: Visually distinguish between bullish and bearish conditions with color-coded bars—green for bullish engulfing patterns and red for bearish ones.
• Real-Time Alerts: Stay ahead of the market with real-time alerts for bullish and bearish engulfing patterns, ensuring you never miss a trading opportunity.
• Customizable Inputs: Adjust the minimum engulfing pip size and choose whether to consider the trend in your analysis, tailoring the indicator to your specific trading strategy.

How It Works

The Three Series OB SMA Cross Indicator calculates two Simple Moving Averages (SMA) based on the closing prices: a fast SMA (1-period) and a slow SMA (5-period). When the fast SMA crosses above the slow SMA, a bullish structure shift is indicated. Conversely, when the fast SMA crosses below the slow SMA, a bearish structure shift is detected.

The indicator then looks for engulfing patterns—a common reversal signal in technical analysis. A bullish engulfing pattern is identified when the current bar's close is higher than its open, and the previous four bars exhibit specific conditions. Similarly, a bearish engulfing pattern is recognized with the opposite conditions.

Benefits

• Enhanced Decision Making: Provides clear visual cues and alerts for trend reversals, helping you make informed trading decisions.
• Improved Accuracy: Combines the reliability of SMA crossovers with the predictive power of engulfing patterns for more accurate trend detection.
• Increased Efficiency: Simplifies complex analysis into easy-to-understand signals, saving you time and effort in market analysis.

Ideal For

• Day Traders
• Swing Traders
• Technical Analysts
• Anyone looking to enhance their trading strategy with reliable trend detection

Requirements

• NinjaTrader 8
• Basic understanding of technical analysis and SMA indicators