Narrow Range 7 NR7
Definition of '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.
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