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Indicators

NRTR WATR - indicator for MetaTrader 4

Collector | English Русский 中文 Español Deutsch Português
Views:
18429
Rating:
(5)
Published:
2006.10.16 11:35
Updated:
2014.04.21 14:54
NRTR_WATR.mq4 (4.36 KB) view
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Being one of indicators of group NRTR (Nick Rypock Trailing Reverse), the NRTR WATR indicator is a dynamic price channel adapted by volatility.

The NRTR WATR represents blue and red cubes that show the stop level. They can also be used as break-through alerts. If the price breaks through a level, it is highly possible that this movement will continue.





Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/9819

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