Indicators: NRTR

[Automated-Trading]

NRTR:

The NRTR (Nick Rypock Trailing Reverse) indicator draws the base line (support and resistance) and a target line.

Then the price exceeds the target, the position of the base line is changed in price movement direction, the minor price fluctuations are ignored. The cross of a base line means the change of the current trend, the base line position and target prices are changed. The support and target lines are plotted with blue color when uptrends (red color for downtrend)

Author: Дмитрий

[Sergey Golubev]

NRTR is Nick Rypock Trailing Reverse and the theory behind it is the following:

This Nick Rypock concept or idea was created by Konstantin Kopyrkin in 2001 ... If we read 'Nick Rypock' from back to front so we will receive the name of the author of idea ... by the way - it is good idea to name the idea by own name