An ATR-Based NRTR Trend Indicator on a Higher Timeframe

Summary

This document describes a trend indicator implemented using the NRTR approach, with its calculation timeframe set through an input parameter. Average True Range is used in constructing the indicator’s moving average, so the method incorporates recent price volatility. The listed settings include the chart timeframe, indicator length, ATR period, ATR volatility multiplier, and horizontal bar shift. The example defaults to a six-hour timeframe, a length of 10, an ATR period of 5, and a volatility multiplier of 2.5.

The material is a brief indicator description rather than a trading system: it does not define entry or exit rules, show performance results, or explain how to interpret signals in different market conditions. It also includes installation guidance for a compiled indicator file and notes that an earlier version appeared in an MQL4 code library. No evidence is given for profitability or robustness, so traders would need to assess the indicator and any strategy built around it independently.

Key ideas

• The indicator applies an NRTR-style trend display at a timeframe chosen in its settings.
• Average True Range contributes volatility information to the indicator’s moving average.
• Settings include the timeframe, calculation length, ATR period, volatility multiplier, and horizontal shift.
• The description supplies no trading rules or performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.