NR7 Indicator

Shopify Inc.NYSE

描述

⋅ Feb 23, 2018 2:06 PM

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

MattDeLong

⋅ Feb 23, 2018 2:07 PM

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!

Gauranga108

⋅ Feb 23, 2018 7:09 PM

Thanks for sharing this, and the link. You are very kind.

Ayato1215

⋅ Sep 4, 2023 3:40 AM

よきかな

vikasseth

⋅ Oct 28, 2020 3:01 AM

I have found that usually the stock bought goes up a few points but sees sell candles the same day, unless it's a trending day

bobby2495

⋅ Jul 11, 2020 7:09 PM

THANK YOU SO MUCH SIR

drkidgell

⋅ May 15, 2018 7:01 PM

thanks Matt, very cool