NRTR Trend Channel Indicator
Info
The NRTR Trend Channel Indicator is a Indicator for MetaTrader 5 that a straightforward nrtr-type trend indicator. It utilizes the breakout of a channel constructed from moving averages of the high and low price series.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use NRTR Trend Channel Indicator
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
A straightforward NRTR-type trend indicator.
Typical Use Case
This Indicator excels in trend following on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: ADX Auto Range: Automated Trend Strength and Consolidation Detection - another powerful indicator for MetaTrader 5 traders.
A straightforward NRTR-type trend indicator.Also recommended: Line Master: Advanced Trend Lines with Change Signals - similar indicator with strong performance on MetaTrader 5.
It utilizes the breakout of a channel constructed from moving averages of the high and low price series.The indicator relies on classes from the smoothalgorithms.mqh library. Ensure this library is placed in your terminal's include folder: <terminal_data_folder>\mql5\include.
Detailed instructions for using these classes were provided in the original article.
This indicator was initially developed for MQL4 and first released on 23.07.2026.
You may also like: Trend Buy/Sell Zones with Automated Lot Sizing and Risk Panel for MT5 - excellent alternative for indicator users on MetaTrader 5.
Source Code
/.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.