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The presented indicator analyzes the patterns that form on the price chart. Based on the analysis results, the indicator identifies fractals and marks them on the price chart. Based on the fractals marked on the price chart, the indicator builds support/resistance levels. The indicator is aimed at experienced traders familiar with technical analysis using fractals.
Fractal is a technical indicator developed by Bill Williams that allows you to determine the bottom or top on the chart of the fin
The presented product is an effective trend indicator which, depending on the settings, can be used for both short-term trading (scalping) and medium/long-term trading strategies. The ease of use of the indicator makes it a good choice for both beginners and experienced traders.
The essence of the NRTR (Nick Rypock Trailing Reverse) indicator is that it is always located at a constant distance from the reached price extremes - below the chart on uptrends and above the chart on downtrends. The