Nr7 — Indicators and Signals — TradingView — India (2024)

The daily price range is a good proxy to judge an instrument’s volatility. I have combined multiple concepts in this indicator to display information regarding the daily price range & its volatility.A trading period's range is simply the difference between its high and the low. This script shows the daily high-to-low range of the price as a column chart. It has...

Narrow Range (NR) trading strategy is a breakout-based method that assumes that the price of security trends up or down after a brief consolidation in a narrow range. This indicator can plot:1. Narrow Range (NR) 4, 7, and 212. Narrow Range (NR) 4, 7, and 21 + Inside Bars (IB)NR 4/NR 7/NR 21 day acts as a confirming factor on where the price will move further....

This NR7 indicator was built on the concept by Thomas Bulkowski and his ThePatternSite. NR7 is based on high to low price range (true range) that is the smallest of the prior 6 days (7 days total), when one NR7 shows, it means that today's candle body (low to high) is the narrowest of the past 7 days. Then if the current close is higher than the NR7's high, we...

Indicator Script for identifying Narrow Range 4 / 7 + Inside BarIt also helps to check whether NR4 / NR7 breakout trading has been profitable or not in the past in a particular instrument.It has helped me to select profitable scripts and avoid losing ones. Can be used for anytime frame.SIGNALNR4 == Narrowest range of 4 periods + signal day is an inside...

NR7 is a narrow range over the past 7 candles, range contraction leads to range expansion! Think of it like a potential turning point in stock movement, like a pivot point. The common school of thought is to treat a "7" like an indecision candle, using a bracket order or long/short if you only want to take it a single direction. You can find a free tool that lists...

This short only strategy determines when there is both a NR7 (narrow range 7, a trading day in which the range is narrower than any of the previous six days), plus a inside day (high of the current day is lower than the high of the previous day and the low of the current day is higher than the low of the previous day) both on the same trading day and enters a...

This long only strategy determines when there is both a NR7 (narrow range 7, a trading day in which the range is narrower than any of the previous six days), plus a inside day (high of the current day is lower than the high of the previous day and the low of the current day is higher than the low of the previous day) both on the same trading day and enters a long...

Simple script to highligh NR4 and NR7.