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Narrow Range 4 and 7 28 Pairs on all timeframes

4

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 breakout as volatility resumes.


Just put the indicator on a single chart to see IBNR4 and IBNR7 patterns that appear on all pairs in all timeframes


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
Reviews 1
Aravind Kolanupaka
8975
Aravind Kolanupaka 2020.11.14 19:27 
 

Good. Ability to choose timeframes and alert notifications would be great addition .

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5 (1)
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
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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Aravind Kolanupaka
8975
Aravind Kolanupaka 2020.11.14 19:27 
 

Good. Ability to choose timeframes and alert notifications would be great addition .

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Version 1.1 2020.03.24
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