Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=61080
Forum: 17 · Topic 61080 · 5 post(s)
Apprentice · Thu Aug 28, 2014 6:11 am

According to Toby Crabel: 2NR is the narrowest range from high to low of any 2-day period relative to any 2-day period within previous 20 days 3NR is the narrowest range from high to low of any 3-day period relative to any 3-day period within previous 20 days 4NR is the narrowest range from high to low of any 4-day period relative to any 4-day period within previous 40 days 8NR is the narrowest range from high to low of any 8-day period relative to any 8-day period within previous 40 days
As a bonus / option I have also added Wide Range Bar pattern indication. If you use Customizable Method, any Sample, Range period can be set.
The indicator was revised and updated
Jeffreyvnlk · Fri Aug 29, 2014 4:24 pm
I think it fine for 2NR but for 4NR and 8NR the char occasionally showing just 1 dot in a single bar not 4 or 8 consecutive ones
Jeffreyvnlk · Fri Aug 29, 2014 4:38 pm
Now I got it.I see that you just marking the last candle in the group of narrow days. Thanks.It is perfect. Sorry for my bad
Alexander.Gettinger · Thu Apr 30, 2015 10:01 am
MQL4 version of Toby Crabel NR Pattern indicator: viewtopic.php?f=38&t=62169.
Apprentice · Mon Jul 03, 2017 8:17 am
The indicator was revised and updated.