NR7 Indicator

23 בפבר׳ 2018

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 a stocks making an NR7 here:
swingtradebot.com/events/8/equities?selected_date=&min_vol=450000&min_price=5&max_price=199&adx_trend=up&grade=&include_etfs=0&html_button=as_html