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 previousPeriod days
