Narrow Range 4 NR4
Definition of 'Narrow Range 4 NR4'
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.
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