If you're looking to sharpen your trading skills, the NRTR (Nick Rypock Trailing Reverse) indicator is a nifty tool to have in your arsenal. It’s designed to help you identify support and resistance levels while setting target prices for your trades.
Here's how it works: when the price breaks through the target line, the base line adjusts in the direction of the price movement. This means that minor price fluctuations are effectively sidelined, allowing you to focus on the bigger picture. Keep an eye on the base line's cross; it signals a potential trend change. The base line and target prices will update accordingly. During uptrends, you'll see the support and target lines in blue, while they turn red in downtrends.
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