CM_NarrowRange_WideRange_Bars_V1
Ever heard of NR2, NR3, NR4, NR7 Strategies?
Version 1 of Narrow Range And Wide Range Bars
Link To Rare Book On Technical Price Patterns!!!
More To Come Once I Go Thru Book.
***While I haven’t read the book yet…Skimming Thru it Shows Great Examples of The Statistics Any Technical Trader Should Know Regarding Their Trading Methodology!!!
Link To PDF - Day Trading With Short Term Price Patterns And Opening Range Breakout.
d.pr/f/1fDD5
Version 1 of Narrow Range And Wide Range Bars
Link To Rare Book On Technical Price Patterns!!!
More To Come Once I Go Thru Book.
***While I haven’t read the book yet…Skimming Thru it Shows Great Examples of The Statistics Any Technical Trader Should Know Regarding Their Trading Methodology!!!
Link To PDF - Day Trading With Short Term Price Patterns And Opening Range Breakout.
d.pr/f/1fDD5
Coming Soon: www.ChrisMoodyTrading.com
//Created By ChrisMoody By Request for TonyCampbell //Thanks to RicardoSantos For Help with The Code.... study(title="CM_NarrowRange_WideRange_Bars_V1", shorttitle="CM_NR_WR_Bars_V1", overlay=true) lb = input(7, minval=2, maxval=100, title="Narrow Range Bar = Current Bars Range is Greater than X Bars Lookback") lb2 = input(7, minval=2, maxval=100, title="Wide Range Bar = Current Bars Range is Greater than X Bars Lookback") snr = input(true, title="Show Narrow Range Bars?") swr = input(true, title="Show Wide Range Bars?") range = high-low lowRange = lowest(range[1], lb) wideRange = highest(range[1], lb2) narrow()=> snr and range < lowRange ? 1 : 0 wide()=> swr and range > wideRange ? 1 : 0 barcolor(narrow() ? yellow : na) barcolor(wide() ? fuchsia : na)
