OPEN-SOURCE SCRIPT
NR(X) Indicator
Narrow Range Indicator can help determine when a possible Break Out can occur through narrowing price action.
The diamonds above the bar shows the bar to completed the Narrowest Range (high - low) of your selected time period. The default period is 7 but can be changed through the inputs. The next bar will indicate with a label weather it is a predicted Break UP (Green label) or Break Down (Red label).
The original creator of this style of indicator (thepatternsite.com/nr7.html) even admits the accuracy is only around 50%. To help increase those odds I combined his original work with an ATR(x) to help guesstimate the direction of breakout based on overall trend direction.
The diamonds above the bar shows the bar to completed the Narrowest Range (high - low) of your selected time period. The default period is 7 but can be changed through the inputs. The next bar will indicate with a label weather it is a predicted Break UP (Green label) or Break Down (Red label).
The original creator of this style of indicator (thepatternsite.com/nr7.html) even admits the accuracy is only around 50%. To help increase those odds I combined his original work with an ATR(x) to help guesstimate the direction of breakout based on overall trend direction.
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。