Trend Lord NRP Indicator in MT4 Download - Free - [Tradingfinder]

The Trend Lord NRP Indicator functions like a Moving Average (MA) and consists of colored histograms that change in color and size. These histograms generate signals for entering buy and sell trades.

The price position relative to the histograms determines whether the trend is bullish or bearish.

Specifications of the Trend Lord NRP Indicator

Some of the practical specifications and features of the NRP Trend Predictor indicator can be seen in the table below; reviewing the specifications of the NRP Trend Predictor indicator:

Bullish Trend Analysis

In the Bitcoin (BTC) price chart on a 1-hour timeframe, the price moves from below the histograms to above, effectively breaking upward.

In this case, the histograms turn light blue, indicating the start of a bullish trend. As shown in the image, the size of the histograms highlights the trend's strength.

Bearish Trend Analysis

Contrary to a bullish trend, the AUD/USD currency pair chart on a 1-hour timeframe showcases a sell signal in a bearish trend.

Here, the price breaks downward through the histograms, turning light brown. The bearish trend continues as long as the price remains below the histograms.

Indicator Settings

Details of the adjustable options and parameters of the NRP Trend Predictor indicator:

• Chart Theme: Customizable theme for the indicator;
• MA Period: Moving average period default: 12;
• MA Method: Defines the calculation method for the moving average;
• MA Applied Price: Sets the price used for the moving average calculation;
• Show High/Low: Displays the high and low points of candlesticks;
• Signal Bar: Configures the signal indicator;
• Alert Message: Enables an alert message;
• Alert Email: Sends alerts via email;
• Alert Sound: Provides sound alerts;
• Sound File: Plays a predefined sound alert.

Conclusion

The Trend Lord NRP Indicator consists of a series of color coded histograms that act similarly to a moving average, indicating the trend's direction.

By changing the histogram color whenever the price crosses it, the indicator generates buy and sell signals for traders.