Download MetaTrader 5

Indicators: NRTR

To add comments, please log in or register
Automated-Trading
Admin
105101
Automated-Trading  

NRTR:

NRTR is a trend indicator calculated using the CLOSE prices. 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.

Fig.1. The NRTR indicator

Fig.1. The NRTR indicator

Author: Nikolay Kositsin

To add comments, please log in or register