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ATR-Based NRTR Trend Indicator for Forex

Article MQL5 code base
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Summary

This short description introduces ATRStops_v1, a trend indicator implemented using the NRTR form. It says the indicator uses Average True Range to construct a moving average, linking its trailing behavior to market volatility. The document identifies Forex-TSD.com as the author and notes that the indicator was first implemented in MQL4 and published in 2008.

The material provides no formula, parameter settings, chart interpretation, trading rules, or performance evidence. It therefore supports only a high-level understanding of the indicator's stated construction and provenance. Traders would need further documentation and testing to assess how it generates signals or performs across instruments and market conditions.

Key ideas

  • ATRStops_v1 is described as a trend indicator in NRTR form.
  • Average True Range is used to construct its moving average.
  • The indicator was originally implemented in MQL4 and published in 2008.
  • The description gives no settings, signal rules, or performance evaluation.

Tags

ForexTrend followingTechnical indicators

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