As the name suggests, the NRTR trend-following indicator for MT4 provides trend signals with suggested stop loss levels plotted on the chart.
The indicator appears as colored buy & sell dots on the main chart window.
The NRTR Trend-Following indicator is beginner-friendly and can be used as a standalone trading tool for both trade entry and exit.
Buy & Sell Trade Example
- A blue dot is a buy signal. Place the stop loss a few pips below the blue dots.
- A red dot is a sell signal. Place the stop loss a few pips above the red dots.
For scalping and day trading, the indicator performs best during the London and New York trading sessions.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “NRTR.mq4” indicator for MT4
Indicator Chart (EUR/USD Weekly)
The example chart below displays the NRTR Trend-Following mt4 indicator in action.
After you downloaded and installed the indicator (mq4 or ex4 format) to the trading platform, it should look like the image as shown above.
Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the NRTR Trend-Following Forex indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Signals
Does the indicator repaint? No.
