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IDNR4 and 7 28 Pairs Radar

59 USD

Demo downloaded: 458

Published: 31 May 2017

Current version: 1.3

IDNR4 and 7 28 Pairs Radar

Indicators
Francesco Petralla
Version: 1.3
Updated: 24 March 2020
Activations: 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

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

Rules for short

An inside bar with the smallest range out of the last 4 or 7 bars.
Place sell stop order below the low of the bar.
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.

more...

565

John Greydanus 2021.02.14 07:32 #

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This ALL IN ONE indicator detects Inside Bar Narrow Range 4 and Inside Bar Narrow Range 7 two powerful patterns on 17 CFD on all timeframes. "Inside Bar Narrow Range 4" is an inside bar with the narrowest range out of the last 4 bars so "Inside Bar Narrow Range 7" an inside bar with the narrowest range out of the last 7 bars. Hence, IBNR4 and better IBNR7 are an objective criterion for identifying decreased range and volatility. Once we find an IBNR4 or an IBNR7 pattern, we aim to trade th

59 USD

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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Filter:

565

John Greydanus 2021.02.14 07:32 #

Version 1.3 2020.03.24

Upgrade to last compiler

Version 1.2 2017.07.06

Added "Pairs_Suffix" parameter to support pairs with suffix as "micro" or "-ECN" etc