Trend Lord NRP Indicator Download for MT4 - Free - [Tradingfinder]

The Trend Lord NRP indicator functions like a Moving Average (MA) and consists of a colored histogram of changes in color and size. These histograms generate signals to enter buy and sell trades.

The price position relative to the "Trend Master NRP" determines whether the trend is bullish or bearish. This trading tool is also part of the Currency Strength Indicator category for MetaTrader 4.

Specifications of Trend Lord NRP Indicator

Some useful specifications and features of the NRP Trend Predictor indicator are shown in the table below; check out the specifications of the NRP Trend Predictor indicator:

Trend Lord NRP Indicators at a Glance

When the price moves above the histogram, the trend is bullish; when it moves downward, it is bearish.

Whenever price crosses the histogram, the indicator changes the histogram color based on the candlestick direction, indicating entry into a trade. Furthermore, the size of the histogram reflects the strength of the trend.

Bullish trend analysis

On the Bitcoin (BTC) price chart on the 1-hour timeframe, the price is moving from below the indicator to above it, effectively breaking out to the upside.

In this case, the element turns light blue, indicating the beginning of a bullish trend. As shown, the size of the histogram highlights the strength of the trend .

Bearish trend analysis

Contrary to the bullish trend, the AUD/USD currency pair 1 hour time frame chart shows a sell signal in a bearish trend.

Here, the price breaks out of the histogram downwards, turning light brown. As long as prices remain below factors, the bearish trend will continue.

Indicator Settings

Details of the adjustable options and parameters of the NRP Trend Forecaster indicator:

• Chart Theme : Customizable theme for the indicator
• MA Period : Moving average period defaults to 12
• MA Method : Define the calculation method of moving average
• MA Applied Price : Set the price used for moving average calculations
• Show High/Low : Shows the high and low of the candlestick
• Signal Bar : configure signal indicator light
• Alert Message : Enable alert message
• Alert Email : Send alerts via email
• Alert Sound : Provides sound alerts
• Sound File : Play a predefined sound alert

Conclusion

The Trend Lord NRP indicator consists of a series of color-coded histograms that act like a moving average and indicate the direction of the trend.

The trading tool generates buy and sell signals to traders by changing the histogram color when price breaks through the histogram color.