Narrow Range Bar Indicator

Has anyone ever seen one of these? I've been looking for a bit at all the usual MT indicator places but haven't found one yet. What it should do is look at the past number of bars, usually 4-7, and show in some way which is the smallest bar of the group.

Any help will be greatly appreciated.

I have never seen one before, but I would think the indicator would be horribly inefficient compared to your eyes. The problem with indicators is unless they have some incredibly well defined rules that were thought up by someone who is a genius in both trading and programming...they don't "group" things very well. The indicator sounds simple in theory, but where should the 4-7 bar window start? You can normally look at a chart and go "Oh well this is the smallest bar in this group" easily enough. But indicators cannot group things very effectively unless they are an ingenious piece of code.
What I am getting at is before you end up running across an indicator that will find the smallest bar for you, or before someone makes one for you (I don't think it would be hard to code) you may want to figure how exactly how you need it to operator for your particular use. Does it find the smallest bar within that last x number of bars that were all within 25 pips of each other in size? Does it look for the smallest in the last 10 bars from the current bar? (in this case it would "jump" in the bar it pointed at after 10 bars) stuff like that. Just a word of caution to decide explicitly what you want BEFORE you look for the indicator, otherwise you may end up depending upon an indicator to do a job, when it actually only does the job you want only half the time!

Thanks for your detailed response. It is unnecessary because NRBs are used primarily on daily and higher bars so it's not as if it's time sensitive. We're all capable of looking at the last 7 bars and seeing which is the smallest. I was curious to see if there was one. Your points are well taken.

Thanks.

If you can get posted a defined rule set and a couple of pictures for examples, I could try to get around to making an indicator for it next week. I am not sure how much time I will have for the remainder of the weekend but it doesn't seem like it would be too hard to code up if you let me know exactly what you need.

hi

attached the picture for example
rule 1: narrow rage 4(nr4) = last candle4 <next3<next 2<next 1 . it is mentioned in orange clour with 4.

if that nr4 candle is inside compare to before candle that is ''nr4 inside' and mentioned "" orange colur star""


rule 2: narrow rage 7(nr7) = last candle7 <next6<next 5<next4<next3<next 2<next 1 . it is mentioned in green clour with 7.

if that nr7 candle is inside compare to before candle that is ''nr7 inside' and mentioned "" green colur star""
rule 3: normal inside candle is mention as yellow round

hi
do you need any clarification pls contact in { email address deleted by staff }. if u can do this very useful for my trading
thank u .

kindly help me out ......