NR7 pattern Screener
The NR7 day is based on the premise that range contractions are followed by range expansions.
The screener adds other indicators to further qualify signals.
Buy on move above high of narrow range day high and Set trailing stop-loss.
//MEXITRADER SCREENER
c1= Range<Range[1] and Range<Range[2] and Range<Range[3] and Range<Range[4] and Range<Range[5] and Range<Range[6] and Range<Range[7]
c2 = high < high[1] and low > low[1]
c3 = lowest[5](CCI[20]) < -100
c4 = AroonUp[63] > AroonDown[63]
c5 = c1 and c2 and c3 and c4
screener [c5] (average[7](range) as "rango")
Comments
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Hi mexitrader, could you not create the same pattern screener but on 4 candlesticks NR4 ? I wanted to try to modify the code by canceling Range 5, Range 6 and Range 7 but then I didn't know how to change c3, c4 and c5 in the code . I know this indicator was created originally on 4 candlesticks . If you can do it I will appreciate it a lot .
Thank you
Great I hope you like it. Here's the code for NR7 indicator cheers
//NR7
C1= Range<Range[1] and Range<Range[2] and Range<Range[3] and Range<Range[4] and Range<Range[5] and Range<Range[6] and Range<Range[7]
RETURN C1
Appreciated "mexitrader" thanks for sharing.