Kopyrkin -> Kopyr Kin -> Kin Kopyr -> Nik Rypok
The idea of the indicator is similar to the , but doesn't involve ATR component and uses a percentage instead.
A dynamic is used to calculate the NRTR. The calculations involve only those prices that are included in the current trend and exclude the extremes related to the previous trend. The indicator is always at the same distance (in percent) from the extremes reached by prices (below the maximum peak for the current uptrend, above the minimum bottom for the current downtrend).
A list of Free indicators:
A list of Paid indicators:
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.