Narrow Range 5 NR5
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Definition of 'Narrow Range 5 NR5'
NR5 is Narrow Range 5
If a price bar's Range is less than the previous 4 bars' ranges (measured independently) it is said to have the narrowest range in 5 days or NR5. The opposite of NR5 is WS5. NR, NR4, and NR7 are also closely watched price patterns.
This is a Toby Crabel price pattern.
If a price bar's Range is less than the previous 4 bars' ranges (measured independently) it is said to have the narrowest range in 5 days or NR5. The opposite of NR5 is WS5. NR, NR4, and NR7 are also closely watched price patterns.
This is a Toby Crabel price pattern.
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