VolatilityPivot - MetaTrader 5 Script - MQL5 #2276
The trend indicator is NRTR ( Nick Rypock Trailing Reverse ).
This indicator is calculated based on currency pair volatility showing recent support and resistance levels. It can be used as a trend indicator.
The indicator was first implemented in MQL4 and published in the code base on September 18, 2007 on mql4.com.
Figure 1. VolatilityPivot indicator
Attachment download
📎 volatilitypivot.mq5 (12.63 KB)
Source: MQL5 #2276
VolatilityPivot - MetaTrader 5 Script - MQL5 #2276 Usage and Filtering Advice
VolatilityPivot - MetaTrader 5 Script - MQL5 #2276 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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