Latest NRTR Indicator

The Nick Rypock Trailing Reverse, known as the Latest NRTR indicator for MetaTrader 4 (MT4), is a technical trading tool to detect the potential end of pullback (retracement) zones. It implies that the indicator is suitable for an established trend to find optimal zones to join the market after a minor retracement.

Thus, the indicator paints a red or a blue dot whenever it detects a potential end of a bearish/bullish retracement. Furthermore, the identified zones (red/blue dot) also double the dynamic support/resistance levels for price reversal.

The attached image shows the reversal zones identified by the Latest NRTR indicator. The blue dots depict the potential end of a bearish retracement and the beginning of a possible bullish move.

On the other hand, the red dots suggest the potential end of a bullish retracement and the possible beginning of a bearish move.

Therefore, in a bullish trend, for instance, you may open a buy order after the indicator paints the blue dots, which signals a possible bullish continuation. However, it is better to always open a buy or sell order after the price breaks out of a recent high/low, as illustrated in the image above.

Furthermore, you may close an open position after the Latest NRTR indicator prints an opposite signal. So, if you’re holding a buy position, for instance, you may close when the red dot appears. Alternatively, you may stick to a fixed 1:2 risk-to-reward ratio.

The indicator comes with the following customizable settings:

The Latest NRTR indicator for MT4 is an incredible technical indicator for catching the end/beginning of price retracements in the financial market.