Indicators: NRTR
This indicator don't seems to work. When attached on chart nothing happens. Anyone here please help!!!!!!
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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
Author: Nikolay Kositsin