NETRO PRO Indicator - Comprehensive Guide

"Master the Market Waves with NETRO PRO – Your Ultimate Trading Companion!"

📌 Overview

The NETRO PRO indicator is a sophisticated MetaTrader 4 (MT4) tool designed to enhance trading decisions using Triangular Moving Average (TMA) bands with multiple deviation levels. It provides dynamic support/resistance zones, trend confirmation, and potential reversal signals.

Developed by R.KH 1001 and available on RoboMQL, this indicator is ideal for traders seeking precision in market analysis.

⚙️ How It Works

The NETRO PRO indicator calculates:

A Triangular Moving Average (TMA) as the base line.

Two sets of volatility bands around the TMA, using different standard deviations:

First Bands (Gold) → Default deviation: 2.4

Second Bands (Blue/Orange) → Wider deviation: 3.5

Arrows for potential reversals when price interacts with the bands.

Key Features:

✅ Multi-Timeframe Support – Works on any chart timeframe.

✅ Adjustable Bands – Customizable deviations for different volatility levels.

✅ Alerts System – Notifications for band breakouts.

✅ Interpolation – Smooths values for higher timeframes.

🔧 Indicator Settings

Input Parameters:

ParameterDescription

TimeFrameChoose timeframe (default: current chart).

HalfLengthTMA period (default: 20).

PricePrice type (default: Close).

BandsDeviationsStandard deviation for first bands (default: 2.4).

BandsDeviations2Standard deviation for second bands (default: 3.5).

koeffATR adjustment for arrows (default: 0.0001).

Alerts & Visuals:

🔹 Alerts on High/Low Breakouts – Notify when price crosses bands.

🔹 Interpolation – Smooths values for better visualization.

🔹 Arrow Signals – Marks potential reversals.

📈 Trading Strategies

1. Trend Confirmation

Price above TMA & bands → Uptrend

Price below TMA & bands → Downtrend

2. Volatility-Based Entries

First Band (2.4 Deviation) → Short-term pullback zones.

Second Band (3.5 Deviation) → Extreme overbought/oversold levels.

3. Reversal Signals

Up Arrow → Potential bearish reversal near upper band.

Down Arrow → Potential bullish reversal near lower band.

🔔 Alert Conditions

The indicator can send alerts when:

Price crosses upper/lower bands.

Reversal arrows appear.

High/Low breaks occur.

📌 Final Notes

The NETRO PRO indicator is a powerful tool for traders who rely on moving average bands and volatility analysis. Its dual-band system helps identify trend strength and potential reversals, making it suitable for swing trading, scalping, and trend following.

🔹 Developer: R.KH 1001

🔹 Source: RoboMQL

"Trade Smarter, Not Harder – Let NETRO PRO Guide Your Way!" 🚀