NRTR Signal 2 AM

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 following idea was pursued here: small corrective movements against the main trend should be ignored, and movements against the main trend exceeding a certain level (the size of the moving filter K) 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.

Customizable parameters:

• PerATR - chart period for which the volatility of a financial instrument is taken to set the indicator filter;
• kATR - sensitivity of the indicator to the volatility of the financial instrument;
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• Distance - distance from the signal to the price chart (affects only the display of the arrow, does not affect the indicator parameters);
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• 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;