About the NRTR ZigZag Price Indicator
The NRTR ZigZag Price Indicator for MT5 is based on the Nick Rypock Trailing Reverse concept.
It identifies dynamic support and resistance levels using ZigZag logic and plots them directly on the main price area.
NRTR stands for Nick Rypock Trailing Reverse.
The indicator tracks directional swings and adjusts its levels as price evolves.
When the market shifts direction, the plotted level flips accordingly.
Traders use it to detect breakout zones, define trailing stops, and follow structured trends.
The indicator also connects swing points in a ZigZag format, helping traders visualize market waves.
It includes customizable inputs such as the ZigZag setting, up color, and down color.
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NRTR_ZigZag_Price.mq5 Indicator (MT5)
Key Features
- Dynamic support and resistance levels based on NRTR logic.
- ZigZag swing visualization on the main price area.
- Automatic reversal level adjustment.
- Customizable ZigZag parameter.
- Editable up and down colors.
- Useful for breakout trading and trailing stop placement.
Indicator Chart
The NRTR ZigZag Price Indicator plots trailing support and resistance levels directly over price.
The ZigZag swings connect key turning points while the NRTR line shifts as trends reverse.
When price breaks above a prior resistance level, bullish continuation may follow.
When price drops below support, bearish pressure often increases.
The plotted levels help traders track breakout zones in real time.
Guide to Trade with NRTR ZigZag Price Indicator
Buy Rules
- Wait for the price to break above the previous ZigZag resistance level.
- Confirm the overall market is trending upward.
- Open a buy market order after the breakout closes.
- Ensure momentum supports continuation beyond the level.
Sell Rules
- Wait for the price to break below the previous ZigZag support level.
- Confirm the overall market is trending downward.
- Open a sell market order after the breakout closes.
- Check that bearish pressure is accelerating.
Stop Loss
- For buy trades, place the stop below the current ZigZag support level.
- For sell trades, place the stop above the current ZigZag resistance level.
- Keep stops aligned with the most recent swing structure.
Take Profit
- Close buy trades if price falls back below the NRTR support line.
- Close sell trades if price rises back above the NRTR resistance line.
- Advanced traders may trail profits using new NRTR levels.
NRTR ZigZag Trend Break Strategy for MT5
This strategy combines the NRTR ZigZag Price Indicator with the Brain Trend Signal Alert Indicator to capture breakout opportunities that align with developing trends.
It focuses on price breaking key ZigZag levels while confirming direction with clean trend alerts.
The NRTR ZigZag indicator plots dynamic support and resistance based on recent swing points.
A break above the previous ZigZag resistance level is interpreted as a bullish signal while a break below the previous ZigZag support level is treated as a bearish signal.
The Brain Trend Signal Alert indicator draws arrows to show trend direction.
A blue arrow highlights growing bullish pressure, while a red arrow points to bearish pressure.
Using this trend alert alongside ZigZag breakouts helps filter false breakouts and stay with high probability moves.
This strategy is designed for M15 and H1 charts during active market hours such as the London and US sessions.
Buy Entry Rules
- Wait for price to break above the most recent ZigZag resistance level.
- Confirm that a blue arrow appears from the Brain Trend Signal Alert indicator either at the break or shortly after.
- Enter a buy trade at the opening of the next candle after confirmation.
- Place a protective stop loss below the broken resistance level or recent swing low.
- Take profit near the next structural resistance or when a red arrow appears signaling a bearish trend change.
Sell Entry Rules
- Wait for price to break below the most recent ZigZag support level.
- Confirm that a red arrow appears from the Brain Trend Signal Alert indicator either at the break or shortly after.
- Enter a sell trade at the opening of the next candle after confirmation.
- Place a stop loss above the broken support level or recent swing high.
- Take profit near the next structural support or when a blue arrow appears signaling a bullish trend shift.
Case Study 1: EURUSD M15 Buy Breakout
On EURUSD M15 during the London session, price broke above a recent ZigZag resistance level after consolidating around that zone for several bars.
Shortly after the breakout, a blue arrow appeared from the Brain Trend Signal Alert indicator, confirming that bullish pressure was building.
A buy trade was opened at the next candle.
The stop loss was placed just below the broken resistance level. Price continued upward with strong bullish candles.
The trade stayed open while the trend persisted and was closed when a red arrow appeared, signaling weakening bullish momentum and a potential shift in direction.
Case Study 2: USDJPY H1 Sell Breakout
On USDJPY H1 during the US session, price had been trending lower with clear lower highs and lows.
It eventually broke below the most recent ZigZag support level.
A red arrow from the Brain Trend Signal Alert indicator appeared shortly after, showing that bearish momentum was active.
A sell position was opened at the next candle. The stop loss was placed above the broken support level.
Price continued to move lower in a controlled manner.
The trade was exited for 32 pips when a blue arrow appeared, indicating a shift away from bearish momentum and signaling that the move was losing direction.
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NRTR_ZigZag_Price.mq5 Indicator (MT5)
FAQ
What does NRTR mean?
NRTR stands for Nick Rypock Trailing Reverse. It is a trailing level concept that shifts when price reverses direction beyond a defined threshold.
Is this indicator suitable for breakout trading?
Yes. It highlights prior swing highs and lows, making it effective for identifying breakout opportunities when price pushes beyond established levels.
Can the NRTR ZigZag Price Indicator be used for stop placement?
Yes. Many traders trail stops along the NRTR line since it adjusts as new swing points form.
Does it repaint previous swing points?
The ZigZag component can adjust until swings are confirmed. Once a move is established and price extends, the levels stabilize based on completed movement.
Summary
The NRTR ZigZag Price Indicator gives traders a practical way to track breakout levels and evolving support and resistance in real time.
Its trailing reverse logic adapts to market swings, making it useful for both breakout entries and active trade management.
Traders who focus on structured price movement and swing analysis will find it especially effective across multiple timeframes.
