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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
Recensioni 1
Aravind Kolanupaka
8930
Aravind Kolanupaka 2020.11.14 19:27 
 

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

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How to use Pair Trading Station Pair Trading Station is recommended for H1 time frame and you can use it for any currency pairs. To generate buy and sell signal, follow few steps below to apply Pair Trading Station to your MetaTrader terminal. When you load Pair Trading Station on your chart, Pair Trading station will assess available historical data in your MetaTrader platforms for each currency pair. On your chart, the amount of historical data available will be displayed for each currency pai
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Vortex Trend Indicator
Francesco Petralla
4.33 (3)
Developed by Etienne Botes and Douglas Siepman, the Vortex Indicator consists of two oscillators that capture positive and negative trend movement. In creating this indicator, Botes and Seipman drew on the work of Welles Wilder and Viktor Schauberger, who is considered the father of implosion technology. Despite a rather involved formula, the indicator is quite straightforward to understand and easy to interpret. A bullish signal triggers when the positive trend indicator (VI+ green line) crosse
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Banks Day Levels
Francesco Petralla
This indicator calculates and draws bank levels from a minimum of three days to a maximum of ten days. It is very useful to trade the breakout or the pullback and when the price levels break the highest or lowest level, indicating an imminent explosion of volatility. Best use with Pips Average Range indicator. Parameters settings numbers_of_day - from 3 to 10 (better use on 10 days). levels_High_color - set color for High levels. levels_Low_color - set color for Low levels.
Pips Average Range
Francesco Petralla
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
IDNR4 and 7 28 Pairs Radar
Francesco Petralla
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
8930
Aravind Kolanupaka 2020.11.14 19:27 
 

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

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Versione 1.1 2020.03.24
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