Being one of indicators of group NRTR (Nick Rypock Trailing Reverse), the NRTR WATR indicator is a dynamic price channel adapted by volatility.
The NRTR WATR represents blue and red cubes that show the stop level. They can also be used as break-through alerts. If the price breaks through a level, it is highly possible that this movement will continue.

由MetaQuotes Ltd译自俄语
原代码: https://www.mql5.com/ru/code/9819
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