Trend Lord NRP Indicator in MT5 Download - Free - [Tradingfinder]

The Trend Lord NRP Indicator consists of color-coded histograms that function similarly to a Moving Average (MA).

Based on the price movement (above or below the histogram), the indicator changes the histogram's color to generate signals for entering trades.

Additionally, the upper and lower levels of the histograms can serve as suitable zones for placing stop loss orders.

Specifications of the Trend Lord NRP Indicator

The table below indicates the specifications and features of the indicator:

Bullish Trend Analysis

As shown in the Ethereum daily chart example, when the price crosses above the histograms, the indicator changes the histogram color and generates a Buy signal.

The trend remains bullish as long as the light blue histograms continuously form below the price.

Bearish Trend Analysis

The XAG/USD 30-minute chart demonstrates how the indicator generates Sell signals during a bearish trend.

As shown in the example, the price crosses below the histogram, and the indicator changes the histogram's color, issuing a sell signal.

Indicator Settings

Review and explanation of the customizable settings 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 is designed to simplify trend visualization and generate trading signals. It functions similarly to a Moving Average (MA) but uses color coded histograms to represent trends.

By changing the color of the histograms, the indicator generates entry signals for both buy and sell trades.