Trading NR7 setup

[angira]

hi santoshdts,
yes nifty and minifty both yesterday was nr7 day.

Angira...

 

[angira]

hello everyone,
today nr7 stock :

RELinfra pre_high: 416.8, pre_low: 408.1
MRF pre_high: 6624, pre_low: 6577.05
TATAmotor pre_high: 188.25, pre_low: 183.9
TAtaSteel pre_high: 437.4, pre_low: 429.5
TCS pre_high: 1054.4, pre_low: 1035.2

Angira...

 

[angira]

Gm all,
today for nr7 stocks :

TCS pre_high : 1047, pre_low : 1030.3 (nr7 twice)
LT pre_high : 1389, pre_low : 1371.2

Happy trading.
Angira...

 

[angira]

GM all,
nr7 stock:

mcdowell-n (pre_high : 855, pre_low : 840);
sbin (pre_high : 1870, pre_low : 1852);
sunpharma (pre_high : 505.9, pre_low : 496.7);
tisco (pre_high : 455, pre_low : 449);
LT (pre_high: 1354.95, pre_low : 1340);

MINIFTY (pre_high:5247.7, pre_low: 5220.05);

Angira....

 

[trade4joisar]

NR7 day for NIFTY excluding mahurat trading.

H - 5377, L - 5335

Tomorrow will go below 5355 for sure due to below thread

http://www.traderji.com/technical-a...ection-prediction-strategy-56.html#post601706

Lets see...............

 

[kulanipawar]

hiiiiiiiiiii

 

[trade4joisar]

NR7 day for NIFTY excluding mahurat trading.

H - 5377, L - 5335

Tomorrow will go below 5355 for sure due to below thread

http://www.traderji.com/technical-a...ection-prediction-strategy-56.html#post601706

Lets see...............

So 2 days NF closes below 5335

AW10,
Your comments

 

[FMFX]

NR7 is term given to a day that has the daily range smallest of last 7 days including that day.
NR4 is variation of this where the lookback period is 3 days + current day i.e. 4 days.

Good time for all!
AW10, thanks for this theme! I am testing the similar system.
Let me ask you some questions please. Have you tested different values for X in NRX or taken NR4 and NR7 in accordance with the recommendations of Crabel (Connors, Raschke)? I suppose that the optimal value of X may be connected with the cycle of volatility (for working TF) and vary for different markets.

P.S. Sorry for English (not native).

 

[AW10]

In my scanner, I prefer to use value > 4 as filter on weekly/monthly timeframes. For daily x > 4, gives more false signals so prefer to use higher value.
If we go x > 7, then there are too few signals.
So, yes the contraction lookback period needs to be adjusted to meet other requirement of your analysis, timeframe, instrument etc. That's why I stress on backtesting and customising the system to meet your requirement.
But concept of contraction and expanasion is fundamental market behaviour and it holds true for all markets and all timeframes.

Hope this helps
Happy trading

 

[angira]

hello everyone,
today nr7 stock:

RELIANCE high 810.75, low 795.2,
TATAMOTOR high 185.45, low 180.9
MINIFTY high 5014.95, low 4937.1

Angira...