NRTR Signal 3 AM Ind MT4
- 지표
- Andriy Matviyevs'kyy
- 버전: 3.50
- 업데이트됨: 1 10월 2024
A fair assessment, reviews and comments are the best gratitude to the author of this product for the work done.
I would be glad to receive any constructive suggestions and comments.
The presented product is the author's implementation of the NRTR indicator.
In 2001, Nikolay Kopyrkin described an indicator that he called NRTR (Nick Rypock Trailing Reverse).
The essence of the NRTR indicator is that it is always at a constant distance from the achieved price extremes - under the chart on uptrends and above the chart on downtrends.
The following idea was implemented - small corrective movements against the main trend should be ignored, and movements against the main trend that exceed a certain level (the size of the sliding filter) signal a change in the direction of the trend.
In the presented version of the indicator, the filter size is determined based on the volatility of the financial instrument.
The consequence of this approach is adequate operation of the indicator in areas of lateral price movement.
The presented product is an effective trend indicator that, depending on the settings, can be used for both short-term trading (scalping) and medium-term / long-term trading strategies.
The ease of use of the indicator makes it a good choice for both beginners and experienced traders.
After the bar closes, on which the closing price has broken the level formed by the indicator, the indicator signals a trend change.
The signal is marked with an arrow of the corresponding direction and color.
Also, information about the signal, with a detailed description, can be sent to the trading terminal, mobile trading terminal, or the user's email.
It should be borne in mind that the signal must be confirmed by subsequent price movement.
That is, opening a new position based on the indicator signal should occur when the price breaks the maximum (for buying) or minimum (for selling) of the bar on which the signal was given.
Thus, it is advisable to enter the market based on the signals of this indicator using pending orders.
Customizable parameters:
- Period_ATR - the chart period for which the volatility of the financial instrument is taken to set the indicator filter;
- Factor_ATR - the indicator sensitivity to the volatility of the financial instrument;
- Number_of_bars_calculated - the number of bars on which the indicator will be calculated and displayed (> 300);
- Alerts - displays a dialog box containing information about the indicator signal;
- Send_Notification - sends a notification to mobile terminals whose MetaQuotes ID is specified in the settings window on the "Notifications" tab;
- Send_Mail - sends an email to the address specified in the settings window on the "Mail" tab;
- SAR_line_style - the style of the support / resistance lines;
- Width_SAR_line - the thickness of the support / resistance lines;
- Color_of_Support_line - the color of the support line;
- Color_of_Resistense_line - the color of the resistance line;
- Control_line_style - the style of the control lines;
- Width_Control_line - the thickness of the control lines;
- Color_of_Control_line_UP - the color of the control line "UP";
- Color_of_Control_line_DN - the color of the control line "DN";
- Distance_for_signal - the distance from the signal to the price chart (affects only the display of the signal point, does not affect the indicator parameters);
- Width_Signal_point - signal point thickness;
- Color_of_Signal_UP - "UP" signal point color;
- Color_of_Signal_DN - "DN" signal point color.
Best wishes,
Andriy Matviyevs'kyy