Skyscraper: An ATR-Based NRTR Trend Indicator with a Middle Line
Summary
Skyscraper is described as an NRTR-type trend indicator with an additional middle line. Its inputs include an ATR period, a sensitivity factor, a setting that controls how the middle line approaches the outer lines, and a choice between calculating from highs and lows or from closes. These parameters indicate how a user can adjust the indicator’s range measurement and responsiveness.
The document gives only the indicator’s identity and input definitions, along with a figure reference. It does not explain the calculation, provide signal interpretation, define entry or exit rules, or report tests or results. As presented, it is a short description of a technical tool rather than a validated trading strategy; users would need further documentation and independent testing to assess its behavior.
Key ideas
- Skyscraper is identified as an NRTR-style trend indicator with a middle line.
- Its inputs include an ATR lookback and a sensitivity factor.
- A percentage parameter controls the middle line’s proximity to the outer lines.
- The indicator can be calculated using high-low data or closing prices.
- The document does not provide signal 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.