Rebote Setup ( Compatible with NinjaTrader 7 & 8 )

This Setup trades rebote over an EMA, or any user defined line : it can create bounce signals over any line of any indicator installed on the platform.

To be interested in taking a long trade, we need the market having N Bars over the Bounce Line not touching it, and at a minimum distance also defined by the User.

So we have 3 input parameters :

• Period of the EMA ( or Parameters of the User line )
   
• Number of Bars at a minimum Distance from the Bounce Line
   
• Minimum Distance between the Bar and the Bounce Line
  

Once N Bars were counted ( and may not be consecutive ) then we look for the next step : Enter Long Only If :

• Current Bar has a low below the Bounce Line
      
• Current Bar has a Close above the Bounce Line
  ( Usually at bar Close, but can also be set to intrabar mode to get a fill near the EMA line )

If that happens we Enter Long at the Close of the Bar

This pack includes the indicator shown, including multiple options, like painting the background with the trend, exporting the trend and entry signals to be used from another script, repeat long/short signals or taking only the first per side

And also a basic strategy created with the wizard, in open code format to create reports of backtest and optimize settings. It can also be use to automate the signals ( with a limited functionality of course )

You can find More into on this Blog Post : https://theindicatorstore.blogspot.com/2019/07/rebote-setup-market-bounce-ninjatrader.html

Or this YouTube Video : 

The signals of this indicator are compatible with MArkers & Builder to be automated.

On Markers ; you only need to copy the corresponding plots for long & short signals

On Builder you need to check if each one of the plot are not equal to 0 to trigger a long and/or short