The ASC Arrows Signals Indicator for MT5, also known as ASCtrend NRTR, is a hybrid technical tool that blends the power of Williams %R (WPR) momentum with an ATR-based adaptive trailing stop system (NRTR). It automatically plots buy and sell arrows, along with trend-following stop lines, to help traders identify optimal entry and exit points under varying market conditions.

This indicator adapts dynamically to volatility, ensuring reliable trend detection even during high-momentum phases or sideways corrections. It’s designed for MetaTrader 5 (MT5) users who want a professional-grade signal generator that goes beyond standard oscillators.

ASC Arrows Signals Indicator for MT5 Free Download chart image

How ASC Arrows Signals Indicator Works

ASCtrend NRTR combines two analytical components:

  1. Williams %R Multi-Period Analysis — captures short-term momentum shifts by evaluating overbought and oversold zones using three separate %R handles.
  2. ATR-Based NRTR (Nick Rypock Trailing Reverse) — an adaptive trailing stop mechanism that shifts according to volatility. It tightens when the market is calm and widens when volatility increases.

The indicator evaluates both to determine the strength and direction of the market. When bullish momentum is confirmed, it plots a blue upward arrow and an uptrend stop line below price. During bearish phases, it plots a magenta downward arrow and a downtrend line above price.

Key Features

  • Hybrid Calculation Logic — combines WPR momentum and ATR trailing stops.
  • Accurate Entry Signals — clear directional arrows for Buy (Blue) and Sell (Magenta).
  • Volatility Adaptive Stops — NRTR lines expand and contract based on ATR ratios.
  • Auto-Filtering Noise — avoids signals when volatility or momentum is too low.
  • Risk Adjustment — RISK input lets you control signal sensitivity.
  • Chart Overlay Design — runs directly on the main MT5 chart window.
  • Optimized Buffer Usage — 4 lightweight buffers for fast performance.

Input Parameters Explained

ParameterDescription
RISKAdjusts the indicator’s sensitivity. Lower = fewer but stronger signals. Default is 4.
AtrRatioControls the distance between price and the NRTR stop. Default is 0.24.
ShiftShifts indicator display horizontally for visual alignment. Default is 0.

How to Trade with ASC Arrows Signals Indicator

Buy Setup

  • A blue arrow appears below the candle → potential uptrend start.
  • The blue NRTR line appears beneath price, trailing upward.
  • Confirm with higher-timeframe momentum (optional).
  • Place a stop-loss just below the NRTR line.
  • Exit or trail when a red down arrow appears or the NRTR line flips above price.

Sell Setup

  • A magenta arrow appears above the candle → possible downtrend.
  • The magenta NRTR line appears above price, trailing lower.
  • Stop-loss can be set just above the NRTR line.
  • Exit or reverse when a blue arrow forms and the line moves below price.
  • Best Timeframes: M15, H1, H4
  • Pairs: Major Forex pairs (EURUSD, GBPUSD, USDJPY), Gold (XAUUSD), and Indices
  • Optimal RISK values: 3–5 for trending markets; 6–8 for volatile sessions

Combine ASC Arrows Signals with moving averages or volume filters for more robust trade validation.

Advantages

  • Clear, non-cluttered signal visualization.
  • Dynamic adaptation to volatility through ATR filters.
  • Eliminates false momentum signals during low liquidity.
  • Useful for trend following, swing entries, and reversal detection.
  • Works efficiently on all market instruments in MT5.

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Limitations

  • Can produce early signals during news spikes or thin markets.
  • Best performance occurs on trending, liquid instruments.
  • Should not be used alone — combine with support/resistance analysis or other confirmations.

Installation Guide

  1. Download the ASC Arrows Signals Indicator (ASCtrend NRTR) .mq5 or .ex5 file.
  2. Open MT5 → File → Open Data Folder → MQL5 → Indicators.
  3. Paste the file into the Indicators folder.
  4. Restart MT5 or refresh the Navigator panel.
  5. Attach it to your chart and adjust parameters as needed.

Tips for Effective Use

  • Avoid trading immediately after economic news.
  • Check higher-timeframe direction before entering trades.
  • Backtest multiple RISK settings to find your comfort zone.
  • Combine with volume or trend confirmation tools for best accuracy.

Conclusion

The ASC Arrows Signals Indicator for MT5 is a powerful combination of Williams %R momentum and ATR-based NRTR trailing stops, designed to deliver precise buy/sell signals that adapt to market volatility. Whether you’re a swing trader or intraday analyst, it provides visually clear and reliable guidance for entry, exit, and trailing stop placement.

Use it as part of a broader strategy — not as a standalone tool — and you’ll have a smart, adaptive system that responds naturally to real-time price behavior.

Frequently Asked Questions (FAQ)

Q1. Is ASC Arrows Signals Indicator free?
Yes, it’s available as a free download for MetaTrader 5. You can use it without licensing restrictions.

Q2. Does it repaint?
No, ASC Arrows Signals Indicator calculates signals after confirmation, meaning arrows remain fixed once formed.

Q3. What does NRTR mean?
NRTR stands for Nick Rypock Trailing Reverse, an adaptive stop that moves based on ATR volatility.

Q4. Can I use it on MT4?
This version is built for MT5. You’ll need a separate MT4 edition or conversion.

Q5. What timeframes are most effective?
M15 to H4 provide the best balance between signal clarity and trend accuracy.

Q6. How does the ATR ratio affect signals?
A higher AtrRatio widens the trailing stop, allowing longer trends; lower values tighten it for shorter trades.