NRTR Indicator mt5

The NRTR Indicator, also known as Nick Rypock Trailing Reverse, is a simple yet powerful tool designed to identify market trends and potential reversals. Developed by Nick Rypock, the indicator has been in use since 2001 and continues to provide traders with reliable signals. NRTR draws lines from dots on a chart, indicating the direction of the trend and assisting traders in finding optimal entry and exit points.

How NRTR Works

The NRTR Indicator detects potential reversals near key entry points. It draws four main lines with a period of 40, which act as support and resistance levels:

Support Line

Resistance Line

UpTarget Line

DownTarget Line

During a downtrend, the indicator displays more resistance lines. Conversely, in an uptrend, it primarily shows a single support line. Red dots indicate a downtrend, while blue dots indicate an uptrend.

The NRTR indicator works on all timeframes, but it is most effective on longer timeframes such as H4 or daily charts.

BUY/SELL Signals with NRTR

To identify potential trades using NRTR, traders should follow these rules:

Buy Signals

Price is below or near the blue UpTarget dots.

Blue support dots appear below the price.
When these conditions are met, traders can open long positions or close short positions.

Sell Signals

Price is above or near the red DownTarget dots.

Red dots appear above the price.
These conditions indicate potential short entries or an opportunity to exit long positions.

At times, the price may linger between the support and resistance dots. In such cases, traders should wait until the indicator clearly signals an uptrend or downtrend before entering or exiting trades. NRTR works best on its own but can also be used with other indicators like RSI or MACD for added confirmation.

Conclusion

The NRTR Indicator for MT4 is a reliable tool for detecting trend direction and market reversals. By drawing support and resistance lines alongside trend dots, it helps traders pinpoint precise entry and exit points. For accurate trend analysis and to simplify trading decisions, download the NRTR Indicator for free from IndicatorForest.com.