NRTR (Nick Rypock Trailing Reverse).
There are a lot of modifications of this indicator for mt3 and mt4 as well. But original idea came from here - see image attached. It was the good trading system in 2001.
Indicators Fisher and Efficiency.
Next version of Fisher.
Renko indicator (in main window).
Newdigital: Which indicators do we run here, you have quite a selection to choose from ?? And maybe some instructions on how to use these.
It is clear from the images.
Fisher, you know.
Then Renko is well-known indicator: some description with the images is here and little Renko discussion is here. And there is website which is selling the Renko and other indicators and WhatFor bought it the posted here for MT4. Some Renko charts you may see here and here and here. Renko indicator is very good with trend and useless with flat.
NRTR (Nick Rypock Trailing Reverse) is understandable from the image. This indicator is used to estimate the market reversal. But programmers who converted this indicator from mt3 to mt4 did not code the reversed idea and decided to use this indicator for stop loss only. So, the original indicator with everything is for MT3.
Many different NRTR indicators with the examples about how to use it we may find in this thread https://www.mql5.com/en/forum/173249
Some other good NRTR indicators we may find on this thread https://www.mql5.com/en/forum/172923
Digital NRTR indicator is here with template https://www.mql5.com/en/forum/173010
Trailing the order based on NRTR indicator: the tool which is ready to use.
NRTR indicator with WMA 5/20 - EMA system is here https://www.mql5.com/en/forum/173101
NRTR WATR indicator
Could you please discuss about NRTR WATR indicator here ?
I hope to collect the pros and cons of this simple indicator
Do you know any EA based on this indicator ?
About NRTR WATR you may read this thread https://www.mql5.com/en/forum/173249
And there are some system namely wma or something like thast (there is thread about it) with NRTR WATR as well.
Many thanks for this. I wonder that there are various types of NRTR indicators with numerous discussions on it, but few devoted to NRTR WATR, as I believe the later one is more perfect.