Trend Lord NRP Indicator is specially designed for the newbie traders to provide them a simple trend-following forex trading solution. The whole signal demonstration process of this indicator is transformed like the simple moving average trading. Therefore, from novice to experienced professionals, everybody can master this effective forex trading solution,
Trend Lord NRP Indicator can be applied to trade all kinds of forex currency pairs listed in the financial markets. Besides, it suits both scalping and intraday trading thus, works better when applied in between M5 to H1 timeframe charts of your forest MT4 trading platform.
Trend Lord NRP Indicator Overview
Download the Indicator and install it on your MT4 terminal. Once you’re done, find your trading chart like the following image:
Trend Lord NRP Indicator Explanation
Trend Lord NRP Indicator applies a 12-day Smoothed Moving Average calculated based on the close price over the selected period of price data in order to plot the signal bars. This indicator works in the same manner as Simple Moving Averages.
The only difference is it lags less than MAs and reacts pretty quickly with the changes in price actions. Price closes above the blue indicator bars mean the trend is bullish. On the other hand, the price closes below the red bars of the indicator represents the bearish trend of the market. Trend Lord NRP levels can also be used as dynamic trailing stops for opened market positions.
Trend Lord NRP: Buy Conditions
- The signal bars turn into blue color
- Price closes above the indicator level
- Buy triggers when the above conditions are done
- Set stop loss below the current indicator level
- Exit long or take profit whenever the indicator bars turn red
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Trend Lord NRP: Sell Conditions
- The signal bars turn into red color
- Price closes below the indicator level
- Sell triggers when the above conditions are done
- Set stop loss above the current indicator level
- Exit short or take profit whenever the indicator bars turn blue