Is anyone using NR7 for trading?

TradeOptions

Well-Known Member
#2
Is anyone using NR7 for trading?
bhai, I do not use NR7 as an auto trading system etc. but I do keep an eye on Volatility. I like to know if the Volatility / Trading Range, is increasing or decreasing in a given instrument, that I want to trade.

Thanks and regards
 

vagar11

Well-Known Member
#6
Last edited:

TradeOptions

Well-Known Member
#7
I went through that thread. Cubt has done some testing on that and then he did some improvisation on that started making an entry into NR7 stocks when open=low and open=high.

I wanted to know if someone is using this for some time and how are the result.
It would be great, if someone who is really using this method, posts about the results, as vagar bhai has asked.

And if the idea is just to test the performance of a simple concept, like if the stock qualifies the entry conditions of NR7 AND
when open=low and open=high
and we add some exit criteria for profit booking or stop loss
then this idea could be tested as a trading system in Amibroker itself. That will give out the detailed performance analysis. Although nothing beats the experience from real traders who trade this method practically, but still it would give some insights in that direction.

Thanks and best regards
PS: Puchu bhai, thanks for sharing the link to that thread. :thumb:
 

vagar11

Well-Known Member
#8
Those who want to visually see the peformance of NR7,NR21 etc.

Use tradingview.com and use the below script.
//@version=2
//FxLowe - NR4 & NR7.

study(title = "NR4 & NR7", overlay = true)

insidebar = (high < high[1] and low > low[1])

nr4 = (tr <= tr[1]) and (tr <= tr[2]) and (tr <= tr[3])
nr7 = nr4 and (tr <= tr[4]) and (tr <= tr[5]) and (tr <= tr[6])
nr13= nr7 and (tr <= tr[7]) and (tr <= tr[8]) and (tr <= tr[9]) and (tr <= tr[10]) and (tr <= tr[11]) and (tr <= tr[12])
nr21 = nr13 and (tr <= tr[13]) and (tr <= tr[14]) and (tr <= tr[15]) and (tr <= tr[16]) and (tr <= tr[17]) and (tr <= tr[18]) and (tr <= tr[19]) and (tr <= tr[20])

nr7ib = nr7 and insidebar

//barcolor( nr7 ? fuchsia : na, offset = 0, editable = true, title = "NR7")
//barcolor( nr4 ? blue : na, offset = 0, editable = true, title = "NR4")
//plotshape(nr4, title= "NR4", location=location.abovebar, color=white, style=shape.arrowdown, text="NR\n4")
plotshape(nr7, title= "NR7", location=location.abovebar, color=white, style=shape.arrowdown, text="NR\n7")
//plotshape(nr7, title= "NR21", location=location.abovebar, color=white, style=shape.arrowdown, text="NR\n21")
 

travi

Well-Known Member
#10
NR7 today
BHARTIARTL
CADILAHC
CAIRN
DIVISLAB
GAIL
HCLTECH
HDFC
HDFCBANK
ITC
NHPC
OFSS
POWERGRID
WIPRO
Wow, this is decent stats :D

But NR7 appearing across such a large spectrum of liquid, bluechip stocks, NR7 would be more of a sign of sideways / market consolidation.
Its apparent, as we are almost in the fag end of the year sandwiched b/w 3-4 key events with the Fed Hike still to come.

NR7 appears as symmetric triangles on charts, basically, a series of inside bars.
The other variants are the bullish and bearish triangles visually depicting support and resistance levels.
 

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