Narrow Range 4 NR4

NR4 is Narrow Range 4

If a price bar's Range is less than the previous 3 bars' ranges (measured independently) it is said to have the narrowest range in 4 days or NR4. The opposite of NR4 is WS4. NR, NR5, and NR7 are also closely watched price patterns.

This is a Toby Crabel price pattern.