MattDeLong

NR7 Indicator

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:
https://swingtradebot.com/events/8/equit...
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thanks Matt, very cool
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Thanks for sharing this, and the link. You are very kind.
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Simply click "add to favorite scripts" button, then go to your indicators, pick it from the list and click "add to chart". That's it!
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