NRTR_ATR_STOP - MetaTrader 5 Script - MQL5 #7038 - MT4/MT5 Resources
Trend indicator using the ATR technical indicator, implemented in the form of NRTR.
The original wlxFractals indicator was developed in MQL4 language and released in the code base on August 7, 2006.
Figure 1. NRTR_ATR_STOP indicator
Attachment download
📎 nrtr_atr_stop.mq5 (20.37 KB)
Source: MQL5 #7038
NRTR_ATR_STOP - MetaTrader 5 Script - MQL5 #7038 Usage and Filtering Advice
NRTR_ATR_STOP - MetaTrader 5 Script - MQL5 #7038 is a resource related to foreign exchange indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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