ATR-Based NRTR Trend Stops with Alerts

Summary

The document describes an NRTR-style trend indicator that uses Average True Range (ATR) to construct a moving average or stop level. It also supports alerts and notifications, including email and push messages. ATR is a measure of price range that adjusts with market volatility, so using it in a stop indicator can make the levels responsive to changing price movement.

The listing identifies the indicator's author and notes that an earlier version was implemented in MQL4. It does not explain the exact formula, parameters, entry or exit rules, or how alerts are triggered. No backtest, comparison, or performance evidence is provided, so the description is not enough to assess the indicator's usefulness or robustness. Traders would need the implementation details and independent testing before relying on its stop levels or notifications.

Key ideas

• The indicator implements an NRTR-style trend stop using ATR in its construction.
• ATR allows the stop calculation to reflect changes in price range.
• The indicator can send alerts by email or push notification.
• The description gives no formula, 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.