NRTR Higher-Timeframe Trend Continuation and Reversal Signals
Summary
The document describes a higher-timeframe NRTR signal indicator that marks trend continuation and changes in direction on a chart. A continuation signal uses a right-pointing arrow colored for the trend; a direction change uses a diagonal arrow whose orientation and color indicate the trade direction.
It groups settings into calculation inputs, display controls, and alert options. Users can set the asset, timeframe, indicator period, signal bar, colors, label placement, and alert behavior. Multiple instances on one chart need distinct label-name values. The document explains how to interpret the visual signals and configure the indicator, but gives no performance evidence, entry or exit rules, or risk controls. The arrows should therefore be understood as indicator outputs rather than evidence of a profitable trading strategy.
Key ideas
- The indicator calculates NRTR signals on a configurable timeframe and asset.
- A right arrow marks continuation of the existing trend at the selected bar.
- A diagonal arrow signals a trend change and indicates the deal direction.
- Settings control calculation, chart appearance, and alerts.
- Separate instances on one chart require distinct label names.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.