The NRTR Indicator works by plotting a dynamic trailing stop line based on the recent high or low prices. This allows traders to follow the direction of the trend while also providing a level of protection against potential reversals. To use the NRTR Indicator, simply add it to your MT5 platform and adjust the settings to suit your trading style. As the market moves, the indicator will continuously update the trailing stop line, helping you to maximize profits and minimize losses. Overall, the NRTR Indicator is a valuable tool for forex traders looking to stay ahead of market trends and make informed trading decisions.
MT5
NRTR Indicator
NRTR Indicator MT5 is a popular and useful forex indicator that is available for free. This indicator helps traders identify trend reversals by tracking price movements. It works by placing a dynamic trailing stop order based on the average true range of the market. Traders can use this indicator to set effective stop-loss levels and optimize their trading strategies.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
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