Library "pNRTR" Provides functions for calculating Nick Rypock Trailing Reverse (NRTR) trend values with higher precision offsets for both low, and high points rather than the standard single offset. pnrtr(float low_offset = 0.2, float high_offset = 0.2, float value = close) low_offset Offset used for nrtr low_point calculations. Default is 0.2. ...
Hello. Research (NRTR) from the author (Evergrt) made into strategy. The idea of the indicator is similar to the Chandelier Exit , but doesn't involve ATR component and uses a percentage instead. A dynamic price channel is used to calculate the NRTR. The calculations involve only those prices that are included in the current trend and exclude the extremes related...
This indicator was invented in 2001 by Konstantin Kopyrkin. The name "Nick Rypock" is derived from his surname reading in the opposite direction: Kopyrkin -> Kopyr Kin -> Kin Kopyr -> Nik Rypok The idea of the indicator is similar to the Chandelier Exit, but doesn't involve ATR component and uses a percentage instead. A dynamic price channel is used to...