NRTR Trend Indicator
Info
The NRTR Trend Indicator is a Indicator for MetaTrader 5 that nrtr is a trend indicator calculated using closing prices. The indicator is positioned at a consistent distance from the most recent extreme price.
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 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
NRTR is a trend indicator calculated using closing prices.
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.
NRTR is a trend indicator calculated using closing prices. The indicator is positioned at a consistent distance from the most recent extreme price. For an uptrend, it appears below the chart; for a downtrend, it appears above. This distance serves to filter out minor corrective movements that move against the main trend. A significant counter-trend movement exceeding a predefined level (the moving filter size) indicates a complete trend reversal.Also recommended: Line Master: Advanced Trend Lines with Change Signals - similar indicator with strong performance on MetaTrader 5.
For an uptrend:
NRTR = highest(close, period)*(1-(k/100)),
For a downtrend:
NRTR = lowest(close, period)*(1+(k/100)),
Where 'highest(close, period)' or 'lowest(close, period)' represents the extreme price reached since the last indicator-price intersection, and 'k' is the moving filter size in percentage, defining the distance between the indicator and extreme values.
Similar to other simplified methods, this indicator performs best in trending markets and may be less effective during non-trending periods.
This indicator was initially developed for MQL4 and released on MQL4.com on 13.07.2026.
Figure 1. The NRTR indicator.
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
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_chart_window
#property indicator_buffers 4
#property indicator_plots 4
#property indicator_type1 draw_arrow
#property indicator_color1 clrlime
#property indicator_style1 style_solid
#property indicator_width1 2.......
⚠ 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.