Signal Counter Node

The Signal Counter node outputs a signal when the specified number of bars with signals is counted within the Lookback Period. The counting can be reset to zero using the Reset conditions. The Signal Counter is used to count the number of bars with whatever various condition is needed. A few examples are provided below.
e.g. It may necessary to know if the Stochastics was overbought/oversold for at least 5 bars in order for a condition to be met. Or, on a renko chart, a minimum of 3 pullback bars are required in order for a pullback in price to be recognized.

This video shows BloodHound v1, however the concepts and principals are still the same.

BloodHound v2

This section is specific to BloodHound v2. Scroll down for BloodHound v1.

Properties tab

This tab contains the essential settings for all nodes.

Modifiers

Click to see documentation

This section provides quick access to commonly used output modifiers.
Please note: The buttons only modify the individual instance of the selected node(s) on a Logic Board. Thus, the buttons are only visible when a node is selected on the Logic Board. The buttons are not available when a solver is selected in the Solvers panel, because the original solver's output can not be globally modified.
This behavior is consistent with adding a function node afterwards, so that the original solver's output remains unmodified elsewhere in the system. It is similar to having an SMA(50) on several charts. Changing the plot color on one chart does not modify the plot color on the other charts.

Enable button

Invert button

Swap button

Properties

These setting only apply to the selected Function node. Function nodes are single instances, unlike Solvers that can have multiple instances of themselves.

Options

Counting What

Counting Up To

The number of signals to be counted, within the Lookback Period. Keep in mind, the term signal does not always mean trade signal. The Signal Counter will sometimes be used to count conditions.
i.e. Say you want to identify when there are 3 or more bars that are touching a moving average (MA) within the last 20 bars. Touching a MA is not a trade signal, but the solver that identifies that condition outputs a signal when the MA touch occurs.

Lookback Period

Signal Threshold

Reset

The Reset option is used to turn off or reset the node's functionality, and is common to several Function nodes. Function nodes that can be reset have a unique Reset connector to receive a specific signal designed to identify when it is time to stop/reset the node.
e.g. If the Signal Blocker is actively blocking signals and charting conditions have changed making it Ok for the next trade signal to occur, then the Signal Blocker should be reset via a signal to the Reset connector. Otherwise, trade signals will continue to be blocked until the 'Block Signals For' period ends.

Reset On

The Reset On options determine which connector, Input or Reset, is monitored for reset signals, and if the same or an opposite signal does the resetting. Check the boxes to enable each reset option needed. Be sure to uncheck reset options not being used so that accidental resets do not occur.

Reset Options	Description
Input Signal	A Long signal to the Input connector will reset the Long calculations. A Short signal to the Input connector will reset the Short calculations.
Input No Signal	A bar without a Long signal to the Input connector will reset the Long calculations. A bar without a Short signal to the Input connector will reset the Short calculations.
Reset Signal	A Long signal to the Reset connector will reset the Long calculations. A Short signal to the Reset connector will reset the Short calculations.
Reset No Signal	A bar without a Long Signal to the Reset connector will reset the Long calculations. A bar without a Short Signal to the Reset connector will reset the Short calculations.
Input Opposite Signal	A Short signal to the Input will reset the Long calculations. A Long signal to the Input will reset the Short calculations.
Input Opposite No Signal	A bar without a Short signal to the Input will reset the Long calculations. A bar without a Long signal to the Input will reset the Short calculations.
Reset Opposite Signal	A Short signal to the Reset will reset the Long calculations. A Long signal to the Reset will reset the Short calculations.
Reset Opposite No Signal	A bar without a Short Signal to the Reset connector will reset the Long calculations. A bar without a Long Signal to the Reset connector will reset the Short calculations.

Output

Output Style

Analog The solver’s Output value will increase as the number of Counting What increases, within the Lookback Period. IE. Using the previous CCI example above, and Value if Counted = 1, when the first CCI cross occurs the output value will be 1/3 or 0.33. The second cross will output 2/3 or 0.67. Digital The Output value will remain at 0 until the number of Counting What within the Lookback Period is reached.

Value At Zero Count

Value If Counted

Options tab

This tab contains extra secondary settings common to all nodes.

Weight

Click to see the Weight documentation

This section is used to modify the node's final output value. It is only useful for designing fuzzy logic systems, or a fuzzy logic section of a system.
Please note: The Weight controls only modify the individual instance of the selected node(s) on a Logic Board. Thus, the Weight controls are only visible when a node is selected on the Logic Board. The controls are not available when a solver is selected in the Solvers panel, because the original solver's output can not be globally modified.
This behavior is different than BloodHound 1.0. In BH 1.0, the Weight controls modified the nodes output globally (every instance). This change in BH 2.0 adds more system design granularity.

Multiply Output: This takes the internal values (the Long and Short values determined via the Properties tab » Output Rules section) and multiplies them by this value. Note: the final output will not exceed a value of 1, as described in the Slider control below.

Slider control: The slider constrains the final output to a value of 0 to 1. The left side of the slider sets a minimum value that is output regardless if the solver condition is true or not. The right side sets a maximum value that is output. The output is capped.
e.g. Three indicator conditions are being checked, and thus three solvers are created. Only two out of the three indicator conditions are needed. An Additive logic node is used to add the solver's outputs together. Just two out of the three solvers need to add up to a value of 1. Therefore, the right slider (max output value) for all three solvers is set to 0.5. When two indicator/solver conditions are found, thus the outputs = 0.5, then the calculation, in the Additive node, is 0.5 + 0.5 + 0 = 1. A value of 1 means the two out of three condition is true.

Hedge Operation: This applies a mathematical formula to the internal value.

None: No modification is applied.
Very (square output): A squaring formula is applied. Output = value^² .
Somewhat (square root output): A square root formula is applied. Output = √value .

Description

This text area provides a place to write a full description of what the node is doing, used for, or what ever you want.
Note: The Description is global to all instances of the node. It is not applied individually to each instance as the Weight controls are.

Help tab

This tab displays the documentation page (from this web site) of the selected node.
Please note: NinjaTrader v8.0.26.0 or newer is required for the built in web viewer to work, and thus the documentation to be displayed.

Example

This simple example comes from the weekly workshop on May 4, 2023.

BloodHound v1

This section is specific to BloodHound v1. Scroll up for BloodHound v2.

Signal Counter Node

General

BloodHound

Other Indicators

BlackBird

Risk Disclosure

Signal Counter Node

BloodHound v2

Properties tab

Properties tab

Output Modifiers