How to Create NR7- Breakout scanner on Streak
What does this mean, like what does NR7 mean?
NR 7 means Narrow Range 7 i.e basically the current day high and low range is lower than the previous 6 days high and low range. Correct me if I m wrong.
So basically it is used to trade breakouts?
yeah somewhat but guess volume plays a v v important role
breakout should be with good volume support you mean to say?
how to find NR7 on weekly time frame?
ohh using Multi timeframe!
this makes the job very easy
Did it work as per your expectation ?
Yes it did! thanks a lot
can you help me to make VCP pattern i.e volatility contraction pattern ?
i have no idea about the above pattern, can you share details of it.