NRTR Trend Indicator: Percentage Trailing Levels and Reversal Signals
Summary
NRTR is a close-price trend indicator that tracks the highest close in an uptrend or lowest close in a downtrend. It places a threshold a fixed percentage away from that extreme: below price during an uptrend and above it during a downtrend. The percentage filter is intended to screen out smaller countertrend moves while allowing a sufficiently large move through the level to signal a trend reversal.
The document gives the formulas and explains that the extreme is tracked from the last time price crossed the indicator. It describes NRTR as a simple approach that can work in trending markets but may perform poorly in non-trending conditions. It provides no test results, parameter guidance, or evidence comparing it with other indicators, so the description alone does not establish profitability or suitability for a trading system.
Key ideas
- NRTR places its level a fixed percentage from the latest relevant closing-price extreme.
- In an uptrend, the level sits below price; in a downtrend, it sits above price.
- A move through the level is treated as a possible complete trend reversal.
- The method is described as better suited to trending markets than range-bound periods.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.