Historical Volatility Ratio–Narrow Range 4 Inside Bar | Forex Factory

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Historical Volatility Ratio–Narrow Range 4 Inside Bar

  • #1
  • First Post: Edited Apr 28, 2009 11:08am Apr 25, 2009 10:51am | Edited Apr 28, 2009 11:08am

HVR-NR4/IB

That would be the Historical Volatility Ratio–Narrow Range 4 Inside Bar

Has anyone any knowledge with the HVR-NR4/IB system

I've had success with just a plain IB on 30 min TF but I don’t have time to sit all day and watch I'm looking for a daily. This system as the author states is old. Just wondering if anyone has tried it lately with success

Attached are the pdf and some files I've used.

I have only tinkered with this and have no real results
It's not pure price action but it looks promissing

The NR4/IB Set Up
The NR4/IB set up is a combination of a narrow range bar that is the smallest of the last
four days while at the same time is an inside bar against the previous days bar.
Let’s look at each component and bring it together so you can easily identify this set up.

(NR4) Narrow Range 4 Bar: A NR4 is a bar with the smallest range of the
previous four bars to include the current bar.

(IB) Inside Bar: An inside bar is a bar where as the high is equal to or lower
than the prior days high and the low is equal to or higher than the prior days low. It’s
important to note here that only the high OR the low can be equal to the prior days high
or low – not both. It’s crucial that either the high or low be inside of the prior days range.



(NR4/IB) Narrow Range 4 Inside Bar: (above) To have an Inside Bar Narrow Range 4,
the current bar has to be a combination of both a NR4 and Inside Bar as describe above.
Attached File(s)
File Type: tpl ib day.tpl   15 KB | 2,473 downloads
File Type: mq4 HVR.mq4   3 KB | 3,509 downloads
File Type: mq4 LinearRegressionChannel.mq4   3 KB | 2,498 downloads
  • #2
  • Apr 25, 2009 10:58am Apr 25, 2009 10:58am
This looks interesting enough for me to test!
  • #3
  • Apr 25, 2009 12:04pm Apr 25, 2009 12:04pm
Can you post a chart?
Yes, I'm back
  • #4
  • Apr 25, 2009 2:00pm Apr 25, 2009 2:00pm
I placed a buy stop sell stop on fri but I dopn't think this was a true NR4/IB

just playing around with it
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.GIF Size: 70 KB
  • #5
  • Apr 25, 2009 2:20pm Apr 25, 2009 2:20pm
Here's an indicator that will mark the NR4/IB bars.
Set everything to "false" except IBS4.
Attached File(s)
File Type: mq4 VM_Price_Action_1.2.mq4   22 KB | 3,203 downloads
  • #6
  • Apr 26, 2009 3:16pm Apr 26, 2009 3:16pm
Thanks will give it a try

attached is a indi that shows the top and bott of the buy sell but not on the ib but the day before anyone know how to make it for the ib itself
Attached File(s)
File Type: mq4 H1H1_IB_Ind_V2.mq4   8 KB | 2,091 downloads
  • #7
  • Apr 27, 2009 9:35am Apr 27, 2009 9:35am
After i set all to false except for IBS4, there are few red star.
Can you explain this indicator how to use?

Quoting billbss
Here's an indicator that will mark the NR4/IB bars.
Set everything to "false" except IBS4.
  • #8
  • Apr 27, 2009 9:43am Apr 27, 2009 9:43am
Quoting tjsun80
After i set all to false except for IBS4, there are few red star.
Can you explain this indicator how to use?
The red stars you see, mark the NR4/IB bars.
  • #9
  • Apr 27, 2009 10:07am Apr 27, 2009 10:07am
Mark the NR4/IB bars meaning?
Do you have any chart for easy explanation.

Quoting billbss
The red stars you see, mark the NR4/IB bars.
  • #10
  • Apr 27, 2009 10:20am Apr 27, 2009 10:20am
Quoting tjsun80
Mark the NR4/IB bars meaning?
Do you have any chart for easy explanation.
The NR4/IB bars is what this system is about.
Go back and read the thread.
All I did is provide an indicator to mark the bars that are refered to in this system.
  • #11
  • Apr 28, 2009 7:19am Apr 28, 2009 7:19am
Go back and read the pdf it is very simple.
The red star marks the NR4/IB meaning the smallest of the last 4 bars and it is also an inside bar NR4/IB ok

3 lots or .3 or .03 lots what ever you want

Then place a buy stop at the high+1 pip of the NR4/IB and a sell stop at the bottom -1 pip. The pair is getting ready to break one way or another

Place your S/L at the opposite of the play if the buy kicks in your sell stop number for the S/L if the sell kicks in use your buy sell for the S/L

The author also states to place orders when the HVR is below the .5 line
I'm still playing with that

I'll delete the unused order or could leave them for a SAR reversal

Let it run for 3 days then I plan on closing 1 of the lots and move the s/l to break even let it run another 3 days and do the same then just let it run its course watching it of course

I am by no means an expert I've only been doing FX for 1 year but I like the IB I also like daily. If you have patience you can get some real good runs



I’m still playing around with the LRC channel. Maybe trades close to the yellow line should be avoided. The LRC is the dominate trend the ma 3x3 (green line) is the short term trend

As of this writing all but one of my plays hit the s/l but I moved them into profit with one still going at a current loss. $190 for the day I’ll take it I didn’t make it for 3 days but that’s ok

I’ve read the pdf a dozen times and each time I pick up an idea, Just sharing with I think

I also place a lot of my knowledge to the other IB threads going

http://www.forexfactory.com/showthread.php?t=133929

This one in particular I was hitting +80% wins but it is a 30m system and I don’t have the time to sit and watch a screen
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.GIF Size: 81 KB
  • #12
  • Apr 28, 2009 7:38am Apr 28, 2009 7:38am
ya gotta love forex factory

Thanks
  • #13
  • Apr 28, 2009 8:33am Apr 28, 2009 8:33am
Sorry to be a disturbance but i think the pdf file you have posted is not free.
  • #14
  • Apr 28, 2009 8:51am Apr 28, 2009 8:51am
Quoting melpheos
Sorry to be a disturbance but i think the pdf file you have posted is not free.
Dang I missed that I will remove my indicator as I don't want to violate a copyrighted idea.

I am outa here. bye
  • #15
  • Apr 28, 2009 9:23am Apr 28, 2009 9:23am
Quoting smjones
Dang I missed that I will remove my indicator as I don't want to violate a copyrighted idea.

I am outa here. bye
Your indi is fine but the pdf file the author posted is not. I made this indicator myself and finally it did not seems that profitable after all...
  • #16
  • Apr 28, 2009 11:07am Apr 28, 2009 11:07am
I didn't realize the pdf wasn't free I thought you had to pay for their service

I will pull this thread ( soon as I figure out how)
  • #17
  • Apr 28, 2009 11:13am Apr 28, 2009 11:13am
I pulled the pdf and e-mailed the auther for permission to re-post.
The file is from 2001-2002
See what happens

No reason not to discuss the system unless some of you feel to risky and in that case I'll trash it
  • #18
  • Apr 28, 2009 11:16am Apr 28, 2009 11:16am
Quoting dryclean
I pulled the pdf and e-mailed the auther for permission to re-post.
The file is from 2001-2002
See what happens

No reason not to discuss the system unless some of you feel to risky and in that case I'll trash it
There is nothing wrong with discussing it.
There is nothing wrong with giving the rules in your own words.
  • #19
  • Edited 2:16am Jul 24, 2009 2:06am | Edited 2:16am
I believe this is the work of Toby Crabel from his book "Day Trading With Short Term Price Patterns & Opening Range Breakout". At the least I think he is the one the came up with it first.

Also, I think the narrow range is based off the daily time frame which makes the narrow range much more significant. I'm sure there is more too it than just the break of the IB.
Quoting dryclean

HVR-NR4/IB

That would be the Historical Volatility Ratio–Narrow Range 4 Inside Bar

Has anyone any knowledge with the HVR-NR4/IB system

[color=#33339b][b][b][color=#33339b][font=Verdana]I've...
Don't wish it were easier, wish you were better. ~ Jim Rohn
  • #20
  • Apr 28, 2012 2:41pm Apr 28, 2012 2:41pm
Does anyone know how or where I can obtain and HVR indicator for MT4?
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