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IDNR4 and 7 28 Pairs Radar

5

This indicator detects IDRN4 and IDNR7 two powerful patterns on 28 pairs on new daily bar.

IDNR4 is the acronym for "Inside Day Narrow Range 4" where "Inside Day" is a lower high and higher low than the previous bar and "Narrow Range 4" is a bar with the narrowest range out of the last 4 bars so "Narrow Range 7" out of the last 7 bars.

Hence, ID/NR4 and better ID/NR7 are an objective criterion for identifying days of decreased range and volatility.

Once we find an ID/NR4 or an ID/NR7 pattern, we aim to trade the breakout as volatility resumes.


Rules for long

  1. An inside bar with the smallest range out of the last 4 or 7 bars.
  2. Place buy stop order above the high of the bar.
  3. Wait for a breakout to trigger order.


Rules for short

  1. An inside bar with the smallest range out of the last 4 or 7 bars.
  2. Place sell stop order below the low of the bar.
  3. Wait for a breakout to trigger order.


Parameters settings

  • Pairs_Suffix: Pairs suffix as "micro" or "-ECN" etc
  • Alert_Notification: Alert when IDNR4 or IDNR7 is detected on one or multiple pairs.
  • Push_Notification: Push notification on mobile device when IDNR4 or IDNR7 is detected on one or multiple pairs.
Reviews 1
John Greydanus
566
John Greydanus 2021.02.14 07:32 
 

Inside Day is a proven method to make profitable trades, hence there are many Inside Day indicators but this is the only NR 4 & 7 that I have found. It is accurate, it doesn't tell you how to trade but with a good knowledge of price action, it will pay for itself many times over. I will be using this every day, therefore, it is highly recommended by me.

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1 (1)
This indicator compares the pips of the current day with the average of pips made in the previous three days. The "Percentage today range" is red if today's figure is less than the range of the previous three days, but turns green when the percentage exceeds 100%. When the range exceeds 100% there are good trading opportunities because we are in the presence of increased volatility of the past three days. Best use with Banks Day Levels indicator. Parameters settings corner (indicator display p
This indicator provides useful information for quantitative analysis. It compares the 28 pairs' pips of the current day with the average of pips made in the previous three days. When in the last three days the pips value is low and the value of today's pips is below, we are in the presence of a volatility compression that will explode soon. The "Range Today" is red if today's figure is less than the range of the previous three days, but turns green when the percentage exceeds 100%. When the rang
This indicator detects Inside Bar Narrow Range 4 and Inside Bar Narrow Range 7 two powerful patterns on 28 pairs on all timeframes.  "Inside Bar Narrow Range 4"  is an inside bar with the narrowest range out of the last 4 bars so "Inside Bar Narrow Range 7" an inside bar with the narrowest range  out of the last 7 bars. Hence, IBNR4 and better IBNR7 are an objective criterion for identifying  decreased range and volatility. Once we find an IBNR4 or an IBNR7 pattern, we aim to trade the breakou
This powerful indicator intercepts 21 patterns simultaneously on 28 Pairs and on all timeframes. Just put the indicator on a single chart to see all patterns that appear on all pairs in all timeframes The patterns found are: For Bearish: Bearish Abandoned Baby; Bearish Engulfing; Bearish Harami; Bear Kicker; Dark Cloud Cover; Evening Doji Star; Evening Star; Shooting Star; Three Black Crows; Three Inside Down; Three Outside Down; For Bullish: Bullish Abandoned Baby; Bullish Engulfing; Bullish Ha
This ALL IN ONE indicator detects Inside Bar Narrow Range 4 and Inside Bar Narrow Range 7 two powerful patterns on 17 CFD on all timeframes.  "Inside Bar Narrow Range 4"  is an inside bar with the narrowest range out of the last 4 bars so "Inside Bar Narrow Range 7" an inside bar with the narrowest range  out of the last 7 bars. Hence, IBNR4 and better IBNR7 are an objective criterion for identifying  decreased range and volatility. Once we find an IBNR4 or an IBNR7 pattern, we aim to trade th
This indicator detects IDRN4 and IDNR7 two powerful patterns on 28 pairs on new daily bar. IDNR4 is the acronym for "Inside Day Narrow Range 4" where "Inside Day" is a lower high and higher low than the previous bar and "Narrow Range 4" is a bar with the narrowest range out of the last 4 bars so "Narrow Range 7" out of the last 7 bars. Hence, ID/NR4 and better ID/NR7 are an objective criterion for identifying days of decreased range and volatility. Once we find an ID/NR4 or an ID/NR7 pattern, we
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John Greydanus
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John Greydanus 2021.02.14 07:32 
 

Inside Day is a proven method to make profitable trades, hence there are many Inside Day indicators but this is the only NR 4 & 7 that I have found. It is accurate, it doesn't tell you how to trade but with a good knowledge of price action, it will pay for itself many times over. I will be using this every day, therefore, it is highly recommended by me.

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Version 1.3 2020.03.24
Upgrade to last compiler
Version 1.2 2017.07.06
Added "Pairs_Suffix" parameter to support pairs with suffix as "micro" or "-ECN" etc