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. Use these ideas to augment your trading style, risk-reward preferences and personal judgments.
//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")
>> Please update your country flag in your profile. Thank you 🙂 <<
Thanks a lot mexitrader for sharing your screener code. Seems a good idea, can I put this one into the library? Or may I ask you to do it yourself by following this tutorial:
https://www.prorealcode.com/share-prorealtime-code/
EricParticipant
Master
Remember to not use sundays data on instruments that opens on sunday
Done, added to library 🙂
Sorry Eric I don’t understand what you mean with sundays data on instruments that opens on sunday
EricParticipant
Master
I mean if using it on forex for example then you have 6 daily bars per week and NR7 will probably always be on a sunday