OPEN-SOURCE SCRIPT
NR(X) Indicator
Narrow Range Indicator can help determine when a possible Break Out can occur through narrowing price action.
The diamonds above the bar shows the bar to completed the Narrowest Range (high - low) of your selected time period. The default period is 7 but can be changed through the inputs. The next bar will indicate with a label weather it is a predicted Break UP (Green label) or Break Down (Red label).
The original creator of this style of indicator (thepatternsite.com/nr7.html) even admits the accuracy is only around 50%. To help increase those odds I combined his original work with an ATR(x) to help guesstimate the direction of breakout based on overall trend direction.
The diamonds above the bar shows the bar to completed the Narrowest Range (high - low) of your selected time period. The default period is 7 but can be changed through the inputs. The next bar will indicate with a label weather it is a predicted Break UP (Green label) or Break Down (Red label).
The original creator of this style of indicator (thepatternsite.com/nr7.html) even admits the accuracy is only around 50%. To help increase those odds I combined his original work with an ATR(x) to help guesstimate the direction of breakout based on overall trend direction.
Açık kaynak kodlu komut dosyası
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Bir grafikte kullanmak için favorilere ekleyebilirsiniz.
Bu komut dosyasını bir grafikte kullanmak ister misiniz?
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.