Narrow Range 5 NR5

NR5 is Narrow Range 5

If a price bar's Range is less than the previous 4 bars' ranges (measured independently) it is said to have the narrowest range in 5 days or NR5. The opposite of NR5 is WS5. NR, NR4, and NR7 are also closely watched price patterns.

This is a Toby Crabel price pattern.