NR (Narrow Range Bar) pattern indicator by Toby Crabel with the ability to display WR (Wide Range Bar) patterns as well
It has six input parameters:
- NR Method - patterns type:
- 2NR
- 3NR
- 4NR
- 8NR
- Custom
- Sample (NR Custom) - number of samples (if NR Method = Custom)
- Period (NR Custom) - calculation period (if NR Method = Custom)
- Show wide range bar - display Wide Range Bar patterns (red labels on a bar's High)
- Show narrow range bar - display Narrow Range Bar patterns (green labels on a bar's Low)
- Exclude current bar - exclude the current bar from search (Yes/No)
2NR is the narrowest range from High to Low of any two-day period relative to any two-day period of the previous 20 days
3NR is the narrowest range from High to Low of any three-day period relative to any three-day period of the previous 20 days
4NR is the narrowest range from High to Low of any four-day period relative to any four-day period of the previous 40 days
8NR is the narrowest range from High to Low of any eight-day period relative to any eight-day period of the previous 40 days
Custom is the narrowest range from High to Low of any Sample period relative to any Sample period for the previous Period days
