Download MetaTrader 5

Watch how to download trading robots for free

Interesting script?
So post a link to it -
let others appraise it

You liked the script? Try it in the MetaTrader 5 terminal

2016.06.30 12:28
Indicators

NRTR_extr - indicator for MetaTrader 5

| English Русский 中文 Español Deutsch 日本語 Português

Views:
642
Rating:
votes: 10
nrtr_extr.mq5 (9.74 KB)view

Real author:

Ramdass

NRTR indicator based on HIGH and LOW. The indicator is always located at the same distance from the reached extreme price. For an uptrend, it is displayed below the chart; for the downtrend — above. The meaning of this distance is to filter small corrective movements counter to the main trend. A stronger movement counter to the main trend above the preset level (the size of the moving filter) signals the complete trend reversal.

Like any other simplified approach, this indicator works well in trending market, but may fail in non-trend periods.

Fig.1. NRTR_extr

Fig.1. NRTR_extr

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/15244

Exp_WPRSIsignal Exp_WPRSIsignal

Trading system based on WPRSIsignal indicator signals.

Exp_SuperTrend Exp_SuperTrend

Trading system based on SuperTrend indicator signals.

Exp_NRTR Exp_NRTR

Trading system based on NRTR indicator signals.

Exp_NRTR_extr Exp_NRTR_extr

Trading system based on NRTR_extr indicator signals.