NR4 NR7 Scanner

The NR4 NR7 trading technique is a four-day or seven-day narrow range stock breakout trading method. The NR4 NR7 scanner can help you find both NR7 and NR4 stocks for tomorrow.

Toby Crabel popularized the concept of narrow range bars in his excellent book “Day Trading With Short-Term Price Patterns And Opening Range Breakout”. In this post, we’re going to discuss two types of Narrow range bar formations. This includes NR4 NR7 scanner, which is a Price Action-based trading strategy. Price Action Trading does not require any indicators, and it is based on the stock price.

NR4 NR7 Scanner

You can find the NR4/Nr7 EOD scanner online very easily by using Intradayscreener Website. However, make sure you use this NR4/NR7 stock screener when the current day range is smaller than the last seven days or four days range.

You can find the Live NR7/Nr4 Scanner online very easily by using the Intradayscreener website. However, make sure you use this screener when the current day range is smaller than the last seven days or four days range.

What Is The NR4 NR7 Trading Strategy?

NR4 stands for “Narrow Range of four days” As the name tells us, this strategy is used to recognize stocks where the range is narrowing, and the current day range is smaller than the last four days’ ranges. NR 4 is a breakout-based strategy that assumes that the stock price will move up or down after the stocks consolidate in the narrow range. The breakout may happen in either direction.

NR7 stands for “Narrow Range of seven days” As the name tells us, this strategy is used to recognize Nr7 stocks where the range is narrowing, and the current day range is the smallest than the last seven days’ ranges. NR 7 is a breakout-based strategy that assumes that the stock price will move up or down after the stocks consolidate in the narrow range. The breakout may happen in either direction.