New free code from MQL5: indicators, EAs, and scripts for traders.
Real author:
S.B.T.
The trend indicator made as NRTR (Nick Rypock Trailing Reverse).
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The indicator is calculated on the basis of currency pair volatility displaying the nearest support and resistance levels. It can be used as a trend indicator.
This indicator was first implemented in MQL4 and published in CodeBase at mql4.com on 18.09.2007.
Figure 1. The VolatilityPivot indicator
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