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NRTR ATR Stop as an ATR-Based Trend Indicator

Article MQL5 code base
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Summary

This brief description identifies NRTR_ATR_STOP as a trend indicator that uses the Average True Range (ATR) technical indicator and presents it in NRTR form. It offers only this high-level characterization, without explaining the formula, parameters, signal interpretation, or how a trader might use the indicator to enter or exit positions.

The document also identifies MetaQuotes as the author and states that the related wlxFractals indicator was developed in MQL4 and published in 2006. That history does not provide evidence about the NRTR_ATR_STOP indicator’s performance or establish that its signals can serve as a standalone strategy. There are no charts with interpretable results, market tests, risk controls, or caveats about repainting in the supplied description, so its practical behavior cannot be assessed from this text alone.

Key ideas

  • NRTR_ATR_STOP is described as a trend indicator based on ATR and presented in NRTR form.
  • The description does not explain its calculation, settings, or signal rules.
  • The document provides no performance tests or evidence that the indicator works as a standalone strategy.
  • The text mentions a separate MQL4 fractals indicator published in 2006 as historical context.

Tags

Technical indicatorsTrend followingVolatility

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