Stop Reversal indicator

v10.3
Stop Reversal indicator

The indicator is pretty similar to a Supertrend but based on fixed steps with pips/points instead of multiple of ATR. The arrows plotted on the price chart are the reversal of this “supertrend”.
I added an option to display or not the line that show the trend and when the price is crossing it (showLine).
The “nPips” setting is the size in points/pips between the current close and the “stop and reverse” trend line. You should adapt it for the instrument and timeframe displayed on your chart.

 

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials

  1. Geronima Ortiz • 05/11/2018 #

    Grazie Nicolas,
    è possibile creare un sistema di trading con questo indicatore?
    Ho provato ma non ci sono riuscita
    Ciao

  2. Geronima Ortiz • 05/11/2018 #

    Thanks, Nicolas
    is it possible to create a trading system with this indicator?
    I tried but I could not do it
    Hello

    • Nicolas • 05/11/2018 #

      Yes of course, be sure to set ‘showline=1’.
      In your trading system, just test if the Close is crossing over or under the black line (variable name = myline). Just like what we do with a usual Supertrend for instance.

  3. Geronima Ortiz • 05/11/2018 #

    // Definizione dei parametri del codice
    DEFPARAM CumulateOrders = False // Posizioni cumulate disattivate

    // Condizioni per entrare su posizioni long
    indicator1 = CALL “PRC_StopReversal”[0.004, 1]
    c1 = (close >= indicator1)

    IF c1 THEN
    BUY 1 CONTRACT AT MARKET
    ENDIF

    // Condizioni per uscire da posizioni long
    indicator2 = CALL “PRC_StopReversal”[0.004, 1]
    c2 = (close <= indicator2)

    IF c2 THEN
    SELL AT MARKET
    ENDIF

    I was helped by the simplified creation
    I get this result, but it only works long.
    I would like to get the system to look for the best NPIPS.
    Can you help me? thank you

    • Nicolas • 05/11/2018 #

      You can try to optimize values for instruments/timeframes, like it is explained in this video: https://www.prorealcode.com/blog/video-tutorials/how-to-optimize-a-trading-system-with-probacktest-prorealtime/

  4. Geronima Ortiz • 05/11/2018 #

    I’m sorry to come back here,
    I can not transform your indicator into a trading system.
    can you help me?
    I believed that the simplified creation was useful for those like me who do not know anything about language, but no!

    • Nicolas • 05/11/2018 #

      You should test crossing of close with the indicators line and not if it’s above or below

  5. Geronima Ortiz • 05/11/2018 #

    // Definizione dei parametri del codice
    DEFPARAM CumulateOrders = False // Posizioni cumulate disattivate

    // Condizioni per entrare su posizioni long
    indicator1 = CALL “PRC_StopReversal”[0.004, 1]
    c1 = (close CROSSES OVER indicator1)

    IF c1 THEN
    BUY 1 CONTRACT AT MARKET
    ENDIF

    // Condizioni per uscire da posizioni long
    indicator2 = CALL “PRC_StopReversal”[0.004, 1]
    c2 = (close CROSSES UNDER indicator2)

    IF c2 THEN
    SELL AT MARKET
    ENDIF

    // Condizioni per entrare su posizioni short
    indicator3 = CALL “PRC_StopReversal”[0.004, 1]
    c3 = (close CROSSES UNDER indicator3)

    IF c3 THEN
    SELLSHORT 1 CONTRACT AT MARKET
    ENDIF

    // Condizioni per uscire da posizioni short
    indicator4 = CALL “PRC_StopReversal”[0.004, 1]
    c4 = (close CROSSES OVER indicator4)

    IF c4 THEN
    EXITSHORT AT MARKET
    ENDIF

  6. Geronima Ortiz • 05/11/2018 #

    okay it seems to me that it works.
    I saw the video you reported to me, but I was not able to put NPIPS as a variable in order to optimize it.
    Can you help me please?

    • Nicolas • 05/11/2018 #

      If you follow the video, it’s easy as 1.2.3 🙂

  7. Geronima Ortiz • 05/11/2018 #

    I watched the video three times,
    but I can not put the npips parameter as a variable.
    I do not understand how to change the code to do it.
    If you can help me I would be happy, otherwise it does not matter.
    Thank you

    • Geronima Ortiz • 05/11/2018 #

      I think the video is for an old version of prorealtime, the images do not correspond at all to the current version.
      I abandoned the idea. Do not worry. That’s okay.
      Thank for all

  8. Nicolas • 05/11/2018 #

    indicator1 = CALL “PRC_StopReversal”[npips, 1]
    and define npips in the optimization window with its start, end and step of variable increment, that’s all 🙂

avatar
Register or

Likes

avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar avatar
Related users ' posts
Nicolas
2 years ago
B-Xtrender
B-Xtrender
8
Indicators
616248 Bonjour Nicolas, Peux tu nous expliquer le principe de fonctionnement ? Ou nous mettre un...
Nicolas Le lien vers l'article IFTA de l'auteur est dans le post déjà :)
P. Marlowe Very poweful indeed. It deserves close attention. I really appreciate very much IFTA backgro...
JS
2 years ago
Trendilo
Trendilo
1
Indicators
Coded1 very interesting indicator, thanks JS
Nicolas
2 years ago
Lucas0000 Hello, Congratulations on this programming, it seems incredible to me, I am new to this but ...
plbourse Hello, I am trying to use this singal (in fact I have converted it to an indicateur giving B...
manfeber Buenos dias,alguien me podria decir como se descargar el archivo o el indicador Q-Trend??,ya...
BriceE Bonjour Nicolas, Je suis a la recherche d'indicateurs pour me donner la meilleure indicatio...
Nicolas
2 years ago
Maxime Baudin Well done Nicolas, creative!
Stenozar Hi Nicolas, please can you explain how to read/use this indicator? thanks!
JC_Bywan For people interested in the screener: https://www.prorealcode.com/topic/screener-buy-sell-m...
octum Gracias NJicolas. Las lineas 35 y 36 dan fallo. (¿Es adrede para iniciados?) Puedes co...
mortezaali14 Salut Nicholas, comment exécuter ce fichier dans les métadonnées
Nicolas Yes, Magic if the variable that contains the value of the line, you can test if it goes up o...
dadah1987 Bonjour Nicolas, merci pour cet indicateur. Utilisant pour l'instant la création simplifié p...
Nicolas Merci d'ouvrir un sujet sur le forum avec une description complète du système.
GustavoLoboOrenstein Is it possible to add histogram with only increasing bars?
YvesRobert Bonjour Nicolas, en effet ca marche, je me suis trompé, j'ai bien tout le tracé. C'est parce...
oliTR Bonjour, les conditions longCond et shortCond ne contiennent-elles pas une condition qui s'a...
xpe74 Utilitaire vraiment top, d'autant qu'ajouter des filtres de seuil peux aider a limiter le no...
Jiacky
3 years ago
Kalman Filter
Kalman Filter
0
Indicators
JohnScher Postscript: It's running in the live right now. One position after the other is opened. ...
ullle73 nice!! how's it been since your last post on going live? :)
thomas2004ch Hi, Is this strategy suitable for daily SPY? Regards
Nicolas
3 years ago
ipbvba Quelqu'un a t il pu créer un screener pour cet indicateur, cela serait très utile. Merci bea...
Nicolas Je pense que le code ci-dessous doit fonctionner pour un screener: //PRC_Wick Pressure | i...
Nicolas la dernière ligne doit être: screener[signal>0 or signal<0](signal)
AndPar Buongiorno Nicolas, vorrei provare questo indicatore, ma quando lo inserisco in PRT mi vengo...
Nicolas Basta aggiungerlo al prezzo https://www.prorealcode.com/blog/video-tutorials/how-to-add-an-i...
Aragorna hello Nicolas, this indicator works with the last Beta version of PRT? Ive seen tha many in...
Darren Nash I found this works well on the DOW
thomas2004ch Hi John, Is your strategy suitable for daily SPY? Regards
gatowman Hi, ich bin leider Anfänger, habe den Code zwar importiert, aber scheinbar läuft er nicht au...
KAMJKAZE thanks, really interesting!
2c95 thanks, why do U prefer average than lowest ? to close under average does'nt mean another...
Stenozar Hi Sever, how can I visualize the coloured areas?
Sever Hi Stenozar, You need to add the color zones yourself , just go to Add Color Zone To set ...

Top