NRTR Indicator

NRTR Indicator

Forex BUY and SELL signals from the best NRTR indicator. Draws support and resistance lines to determine the direction of the trend.

NRTR is a simple indicator that draws lines from dots on a chart to indicate the direction of a trend. NRTR is abbreviated as Nick Rypock Trailing Reverse. The indicator got its name from the name of its developer. Surprisingly, NRTR has been around since 2001.

NRTR was designed to detect potential reversals. The indicator now detects reversals near entry points. The indicator draws four lines with a period of 40, which act as support and resistance. The names of these lines are Support, Resistance, UpTarget and DownTarget.

If there is a downtrend, then the Indicator draws more resistance lines. On the contrary, if there is an uptrend, then the indicator draws only one support line.

The appearance of red dots indicates a downtrend, while the appearance of blue dots indicates an uptrend. The NRTR indicator works best on any time frame. However, it is best to use the indicator on longer timeframes.

NRTR Indicator BUY/SELL signals

The EUR/USD H4 chart above shows BUY and SELL signals with an indicator. To identify BUY and SELL signals, traders must identify support and resistance lines along with red and blue dots.

In order to open long positions, the indicator must meet two conditions:

Price must be below or near the little blue UpTarget dots.
The blue support dots should appear below.
When the conditions are satisfied, traders can go long or close short positions.

In order to open a short position, the NRTR indicator must specify the following conditions:

The price must be above or near the small red dots of the DownTarget.
Red dots should appear at the top.
When these two conditions are met, traders can enter short positions or exit long positions. Sometimes the indicator may display blue or red dots between the P1 and R1 lines. Here, traders must wait for the price to continue moving in either direction and then enter the trade.

Sometimes the price can stay between the points for a longer time. Here, traders need to wait for the dots to appear in order to enter or exit their positions. The NRTR indicator works best on its own, but traders can use other indicators such as the RSI or MACD as well.

Conclusion
The NRTR indicator draws support and resistance lines next to the dots to indicate the direction of the trend. Traders can find exact entry and exit points using the indicator. In addition, you can download the Indicator for free from our website.