TIS_OpenClose_Plus is a smart upgrade to the classic OpenClose setup, designed to detect candle-based reversal signals and confirm them using structural trend validation. The built-in Plus Filter only allows signals when the market is showing directional consistency, improving signal quality dramatically.
Key Features:
✅ Detects classic OpenClose setup signals
✅ “Plus Filter”:
• Long signals only if the market is making a Higher High and a Higher Low
• Short signals only if it’s making a Lower Low and a Lower High
✅ Fully compatible with NinjaTrader 8, Markers, and Builder
✅ Paints chart signals and background by direction
✅ Includes signal plots usable for filtering or automation
✅ Optional trend expiration and signal repetition logic
How it works:
The indicator confirms the OpenClose setup using a custom NBars sequence filter, based on candle color (standard or HeikenAshi), with additional wick-based logic:
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N Bars with higher/lower close, high, or low
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N Bars with upper/lower wick
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Trend status encoded as +1/-1, usable as filter or condition
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Compatible with signals from TIS_NHA_Bars and TIS_NBars_UpDown
Who is it for?
Perfect for traders who use price action-based signals and want a smarter way to confirm context and trend strength before executing a trade.
Related Products
Heiken Ashi for Ninjatrader 8
This indicator has been discontinued and replaced by TIS_HeikenAshi..
$75.00
Risk Disclosure
RISK DISCLOSURE :
Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.
HYPOTHETICAL PERFORMANCE DISCLOSURE :
Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.