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Volatility Pivot: Using Volatility-Based NRTR Support and Resistance

Article MQL5 code base
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Summary

VolatilityPivot is described as a trend indicator built using the NRTR, or Nick Rypock Trailing Reverse, approach. It uses currency-pair volatility to display nearby support and resistance levels, which can inform a view of trend direction and potential price boundaries.

The document says the indicator was first implemented in MQL4 and published in 2007, but it provides no calculation details, chart evidence, backtest, or trading rules. It therefore explains the indicator's intended role rather than demonstrating its reliability. The description is specific to currency pairs and does not discuss parameter selection, false signals, or risk controls.

Key ideas

  • The indicator follows the NRTR trailing reverse approach.
  • It uses currency-pair volatility to identify nearby support and resistance levels.
  • The levels are intended to help assess trend direction.
  • The description supplies no formula or performance evidence.

Tags

ForexVolatilityTechnical indicatorsTrend following

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