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Narrow Range 7 NR7
NR7 is Narrow Range 7
Last updated: 17-Jul-2011
What is Narrow Range 7 NR7?
If a price bar's Range is less than the previous 6 bars' ranges (measured independently) it is said to have the narrowest range in 7 days or NR7. The opposite of NR7 is WS7. NR, NR4, and NR5 are also closely watched price patterns.
This is a Toby Crabel price pattern.