IDNR4 and 7 28 Pairs Radar

5

This indicator detects IDRN4 and IDNR7 two powerful patterns on 28 pairs on new daily bar.

IDNR4 is the acronym for "Inside Day Narrow Range 4" where "Inside Day" is a lower high and higher low than the previous bar and "Narrow Range 4" is a bar with the narrowest range out of the last 4 bars so "Narrow Range 7" out of the last 7 bars.

Hence, ID/NR4 and better ID/NR7 are an objective criterion for identifying days of decreased range and volatility.

Once we find an ID/NR4 or an ID/NR7 pattern, we aim to trade the breakout as volatility resumes.


Rules for long

  1. An inside bar with the smallest range out of the last 4 or 7 bars.
  2. Place buy stop order above the high of the bar.
  3. Wait for a breakout to trigger order.


Rules for short

  1. An inside bar with the smallest range out of the last 4 or 7 bars.
  2. Place sell stop order below the low of the bar.
  3. Wait for a breakout to trigger order.


Parameters settings

  • Pairs_Suffix: Pairs suffix as "micro" or "-ECN" etc
  • Alert_Notification: Alert when IDNR4 or IDNR7 is detected on one or multiple pairs.
  • Push_Notification: Push notification on mobile device when IDNR4 or IDNR7 is detected on one or multiple pairs.
Reviews 1
John Greydanus
604
John Greydanus 2021.02.14 07:32 
 

Inside Day is a proven method to make profitable trades, hence there are many Inside Day indicators but this is the only NR 4 & 7 that I have found. It is accurate, it doesn't tell you how to trade but with a good knowledge of price action, it will pay for itself many times over. I will be using this every day, therefore, it is highly recommended by me.

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After purchase, contact me privately to receive 1 month of free testing with EA Forex Proton! This advanced MT4 trading robot automatically executes signals from any MT4 indicator, including Market Makers. The latest version also includes AI integration, allowing each trade signal to be analyzed using Artificial Intelligence. Live Signal with EA Forex Proton: Click here Market Makers is a powerful price action trading system designed to identify high-probability Buy and Sell opportunities based
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Indicators
CRYSTAL HEIKIN ASHI SIGNALS MT4 Professional Trend Detection Indicator with Smart Entry Signals See the Trend. Catch the Move. Trade with Confidence. The professional Heikin Ashi indicator built for traders who want clarity, precision, and EA-ready signal automation. WHAT IS CRYSTAL HEIKIN ASHI SIGNALS? Crystal Heikin Ashi Signals is a professional-grade MetaTrader 4 indicator that combines pure Heikin Ashi candle visualization with an advanced momentum-shift detection system. Designed for both
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This indicator detects IDRN4 and IDNR7 two powerful patterns on 28 pairs on new daily bar. IDNR4 is the acronym for "Inside Day Narrow Range 4" where "Inside Day" is a lower high and higher low than the previous bar and "Narrow Range 4" is a bar with the narrowest range out of the last 4 bars so "Narrow Range 7" out of the last 7 bars. Hence, ID/NR4 and better ID/NR7 are an objective criterion for identifying days of decreased range and volatility. Once we find an ID/NR4 or an ID/NR7 pattern, we
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Indicators
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Indicators
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John Greydanus
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John Greydanus 2021.02.14 07:32 
 

Inside Day is a proven method to make profitable trades, hence there are many Inside Day indicators but this is the only NR 4 & 7 that I have found. It is accurate, it doesn't tell you how to trade but with a good knowledge of price action, it will pay for itself many times over. I will be using this every day, therefore, it is highly recommended by me.

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