It's my first completed indicator in NinjaScript and I hope you have fun with it 
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Description
The S/R Reversible indicator is based on chapter 4 of the book Technical Analysis of the Financial Markets by John J. Murphy. It describes how the support and resistance reverse their roles after last highest or lowest vary the closing price. The first release of the S/R Reversible has been programmed for the MetaTrader and was based on the ZigZag indicator. Later I moved to NinjaTrader and ported the S/R Reversible with few modification, e.g. Swing instead ZigZag indicator.
Parameter:
Parameter (Swing):
To Import:
.Description
The S/R Reversible indicator is based on chapter 4 of the book Technical Analysis of the Financial Markets by John J. Murphy. It describes how the support and resistance reverse their roles after last highest or lowest vary the closing price. The first release of the S/R Reversible has been programmed for the MetaTrader and was based on the ZigZag indicator. Later I moved to NinjaTrader and ported the S/R Reversible with few modification, e.g. Swing instead ZigZag indicator.
Parameter:
- Reversion: Enable/Disable reversal.
- Deviation type: Same like ZigZag indicator.
- Deviation value: Same like ZigZag indicator.
Parameter (Swing):
- * Strength: Same like Swing indicator.
To Import:
- Download the attached file to your desktop.
- From the Control Center window select the menu File > Utilities > Import NinjaScript.
- Select the downloaded file.
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