NRTR Indicator
- Indicators
- Version: 1.0
The Nick Rypock Trailing Reverse (NRTR) is a high-performance trend-following indicator for MetaTrader 5, designed to identify structural trend reversals with precision. Originally developed by Konstantin Kopyrkin, this indicator filters market "noise" by maintaining a dynamic distance from price extremes, allowing traders to capture significant trends while ignoring minor corrections.
Unlike traditional moving averages that lag behind price action, the NRTR stays at a fixed distance from the trend's highest high or lowest low. The trend only reverses when the price breaks through this dynamic support/resistance level.
Key Features
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Dual Calculation Modes: Choose between the classic Percentage-based filter or a volatility-adaptive ATR-based multiplier.
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Optimized Performance: Built with an O(n) algorithm to ensure lightning-fast calculations even on symbols with deep history.
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Visual Clarity: Features high-visibility 3-pixel width lines (Lime for Uptrend, Red for Downtrend) and automated Signal Arrows.
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Non-Repainting Signals: All calculations are finalized upon bar close, ensuring the signals you see on history are exactly what you get live.
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Multi-Channel Alerts: Get notified via Terminal Alerts, Email, or Mobile Push Notifications the moment a trend reverses.
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On-Chart Labeling: Optional "BUY" and "SELL" text labels for immediate visual recognition of entry points.
How It Works
The NRTR creates a price channel that tracks the current momentum:
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In an Uptrend: The indicator trails the highest peak. If the price falls below the trailing support line (based on your % or ATR settings), a Sell signal is triggered.
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In a Downtrend: The indicator trails the lowest bottom. If the price rises above the trailing resistance line, a Buy signal is triggered.
Input Parameters
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Correction Percentage (K): The percentage distance from price extremes (Default: 2.0%).
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Use ATR Multiplier: Toggle to switch from Percentage mode to Volatility-adaptive mode.
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ATR Period: The lookback period for Average True Range calculations.
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ATR Multiplier: Factor applied to the ATR value to set the trailing distance.
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Show Signals/Labels: Customize the visual representation of trade entries.
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Alert Settings: Enable/Disable native MetaTrader alerts and push notifications.
Trading Recommendations
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Trailing Stops: Use the NRTR line as a dynamic Stop Loss that moves with the trend.
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Trend Filter: Only take Long positions when the price is above the Lime line and Short positions when below the Red line.
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Timeframes: Highly effective on H1 and H4 for swing trading, but adaptable to M5/M15 for scalping when used with a higher-period trend filter.
Disclaimer: This indicator is a technical analysis tool and does not guarantee profits. Trading involves significant risk. Always test settings on a demo account before live deployment.
