This indicator was invented in 2001 by Konstantin Kopyrkin. The name "Nick Rypock" is derived from his surname reading in the opposite direction:
Kopyrkin -> Kopyr Kin -> Kin Kopyr -> Nik Rypok
The idea of the indicator is similar to the Chandelier Exit, but doesn't involve ATR component and uses a percentage instead.
A dynamic price channel is used to...
