Tick Reversal Bars is a volatility-based bars type. The building of such bars is based on a similar concept as the Point and Figure charts but much easier in customization — it has only one parameter.
Thus, such bars do not have time component. How they are formed is dependent solely on price action. For example, a new bar is started only if price travels more than specified amount of ticks in the opposite direction.
Reversal bars type is more particularly used with volume based charts. Many traders who use Volume Analysis prefer to use Point and Figure (PnF) periodicity with volume based charts.
AMS RevBars can be used in NinjaTrader 8 [FREE].
[RICH_REVIEWS_SNIPPET category=”cloudlevels” ]
AMS RevBars Features
→ Works with NinjaTrader 8
→ Free template file
NinjaTrader® is our #1 recommended trading platform preferred by traders worldwide including our clients.
Download NinjaTrader & receive immediate FREE access to:
- Real-time futures data
- Unlimited real-time forex data
- Advanced charting
- Trade simulator
- Strategy development and backtesting
- Connect to NinjaTrader Brokerage, Interactive Brokers, TD Ameritrade & more…
NinjaTrader’s award-winning trading software is consistently voted an industry leader by the trading community. Featuring 1000s of Apps & Add-Ons for unlimited customization, NinjaTrader is used by over 40,000 traders for advanced market analysis, professional charting and fast order execution.
For new traders, start preparing for the live markets with a free trading simulator featuring real-time market data.