Anyone know if there is an MT4 indicator to find Narrow Range Days?
Basically, for example, on a daily chart the indicator would scan the bars and find the bar with the narrowest range (high/low) from a set number of previous bars. So a NR4 would be the narrowest range counting 4 bars (this includes the NR day). NR7 would be 7 bars, etc. Also, the NR bar needs to be an Inside Bar as well.
Thank You.
Basically, for example, on a daily chart the indicator would scan the bars and find the bar with the narrowest range (high/low) from a set number of previous bars. So a NR4 would be the narrowest range counting 4 bars (this includes the NR day). NR7 would be 7 bars, etc. Also, the NR bar needs to be an Inside Bar as well.
Thank You.
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