NRTR Trend Indicator Using Moving-Average High-Low Channels

Summary

This document describes a simple trend indicator in the NRTR family. It identifies potential trend changes through breakouts of a channel constructed from moving averages of the high and low price series. The channel therefore uses smoothed price bounds as its reference rather than a fixed percentage or a single moving average.

The text provides no trading rules beyond the channel-breakout concept, and it reports no backtest, performance results, parameter settings, or risk analysis. It notes that the indicator depends on a supporting smoothing library for its implementation and that an earlier version appeared in MQL4. Those implementation details do not establish that the signal is profitable or robust across markets, timeframes, or parameter choices.

Key ideas

• The indicator belongs to the NRTR trend-following family.
• It signals through breakouts of a channel based on moving averages of highs and lows.
• The document gives no performance evidence or detailed entry and exit rules.
• Implementation requires a separate smoothing library.

Tags

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