Hi , Thanks a ton for these amazing videos. I have gone through videos from many sources on youtube -must say your are the BEST :) Your smooth communication skills and way of explaining concepts are a treat to watch and learn !! Also , I am not able to find the Tradingview codes for NR4 and NR7 here, hence could you please share it with me?
Most decent man in TH-cam in trading related videos I ve seen. The cleanliness of presentation and way of talking, the voice, seems to me as a good teacher. Already a fan of u.
Dear sir, I am getting solution of all my traiding mistakes, after learning concepts from your videos. Thanks a lot for your efforts, because I can acess how much effort and descipline it takes to make such video with such content and explanation.
I have seen many market analysts and you tube video channels but no one is like you sir, You are simply amazing, your way of explaining things is one of the best, Great job , learning a lot from you sir Thanks
Nr4 and nr7 IB is quite commonly used by many and increasingly becoming ineffective ... This idea will definitely give a edge fr narrow range traders... Thanks for sharing
Stock market is ocean of opportunity and wealth. At the same time , it has big sharks as well. You are the person like light house which gives hope and direction to be survived. God bless you with all happiness and prosperity.
@@TradeWithTrend sir please tell me how do I subscribe tradingview platform. Because the payment mode of platform is in USD. How do I pay? Pl guide me...
You will have to contact their support for this. But I think you can subscribe easily if you have Credit or Debit card. For VWAP and concepts shown in this video, you don't need a subscription. Free version is enough.
All the hard work you put in day after day doesn't go unnoticed - thank you for sharing knowledge. You have made such a positive impact on my life.. In this video around 11:35, you are saying reliance June month breakout by showing July month chart there I confused and watched again & again anyway, thank you...
Thanks a lot for your effort and time. Getting prepare or expecting a trade before it appears is a holy grail for all traders, you showed the technique. Even though we have knowledge about trading techniques and patterns we are lack in foresee. This video helps a lot to get prepared for a perfect trade. Thanks a lot. Have a nice time.
@@TradeWithTrend Dear ST, In your earlier videos mostly the last slide will contains the summary or "The important points to be noted". It will be easier for newbies to maintain a journal as they not much aware of which point to focus. Kindly include the same if possible. Thanks a lot. Have a nice time.
@@Kishor_bv Thanks for suggestion. Most skip those sections as per the data I see. This is why, I have included a pre summary in the intro. I did this for yesterday's video and will check the data in couple of sessions to see the viewership.
People who watching this or other educational video and didn’t understood that time, watch it again after some time you definitely will. It’s my personal experience
@@TradeWithTrend sir, the beauty of your teaching is that concepts gets cleared during the video itsey. the best teaching method is that a toddler too understands it.
very well explained Sir.. I have read most of the things you cover but your explanation makes it better to understand and its practical application. keep coming up with such great videos... Thanks a ton.
Your methodical presentations are very usefule and should be watched a couple of times for helping oneself to put them to practical use. But there is clear logic throught.. to coroborate the stocks behaviour in the near future.Thanks for posting.
Dear Sir, what's the last valid narrow range candle cluster in BankNifty? 24 May, 26 May, 2Jun and 3 Jun are relatively narrower in last 9 days. Does the intraday bearish trade on 4 June below 35,540 level with wide range candles on 5 min chart valid NR trade on the back of NR candles identified on above said dates? Or is the price range between 24 May and 3 June too wide to consider that as a single NR cluster?
I was attracted the way you teach to read charts. Your voice is really good and the pronounciation of words are very clear. Hats off to you sir. I want Trading View Code for NR7 AND NR4 I am a beginner. Kindly give me the link to copy and paste it in Tradingview.
Please help us to select a software for trading 2, I am not able to find relative strength indicator in none of the online software. Thanks for your wonderful videos and help
Hi Sunder, You Can view RS (Relative Strength) on Trading View Dot Com You can use the code below. study("Comparative Relative Strength", shorttitle="RS") a = tickerid b = input("NIFTY", type=symbol) as = security(a, period, close) bs = security(b, period, close) plot(as/bs, title="RS", color=gray) len = input(10) plot(sma(as/bs, len), color=navy)
Hi Sir, Your videos are excellent, Lot of information to newbies like me and hope your videos are useful for experienced traders too.. Thanks for your videos sir..
Hi, in the stock selection video you had mentioned that the ATR should be increasing in a stock, but in the NR7 method the ATR will naturally be decreasing. Please correct me if I’m wrong, ATR should be increasing on the lower time frame (5 mins) but should be decreasing on a higher time frame(daily). Thank you !
Use this code. Make sure pine editor is blank when you post it. study("Ami Beta") a = tickerid b = input("NIFTY", type=symbol) as = security(a, period, close) bs = security(b, period, close) chg = roc(as, 1) chgbase = roc(bs, 1) N = input(252) chgbasedouble = chgbase * chgbase sumchgbasedouble = sum( chgbase, N ) * sum( chgbase, N ) beta = (N * sum( chg * chgbase , N ) - sum( chg, N ) * sum( chgbase, N ) ) / ( N * sum( chgbasedouble, N ) - sumchgbasedouble ) plot(beta)
HI, thanks for posting, the narrow range candle cluster, is easy to see and use, BUT could you explain after i see the cluster, any indication or indicator to watch to know if the market will up or down after the cluster, Now , i know something big either up or down will happen , but not sure which direction . please comment at your convenient. Thanks
Hi Wo Cheung, Movement is all you require in Trading. Through VWAP, you will eventually be in the right direction. I still understand your concern though. Over the next couple of weeks, I will be explaining some concepts of Price action to anticipate directional bias. You can combine those concepts with this.
You Can view RS (Relative Strength) on Trading View Dot Com You can use the code below. study("Comparative Relative Strength", shorttitle="RS") a = tickerid b = input("NIFTY", type=symbol) as = security(a, period, close) bs = security(b, period, close) plot(as/bs, title="RS", color=gray) len = input(10) plot(sma(as/bs, len), color=navy)
Mister Trade with Trend, I hope that you can answer my question even though this video is some months old. Does you VWAP / MVWAP strategy (combined with Narrow Range Candlesticks) also work in forex? Or is it only good in stocks & options? I hope that you can help me :)
Another master piece from master brother, I was having this view when I watched and tried to apply after your narrow range video, but felt hard rather boring to figure out entry, exactly clusters were my hindrance point.... Thought of combining as barbwire(Ravi lathiya) once shared. I will surely try this concept in options... Let's see how well I'll place my self. My view stocks tough to trade in options due to liquidity.... Index is good but we have to invest in software for mvwap(trading view not showing up vwap and mvwap). Thanks is small gesture brother
Thank you Chunduru. Trading View has the option to plot both VWAP and MVWAP. On Trading View, follow these steps. First, add VWAP indicator on the chart. Second, add Moving average on the chart. Third, double click on Moving Average and then in Input section, instead of Close, select VWAP
@@TradeWithTrend for stocks it's available brother but for Nifty and bank Nifty not available.... When playing with options that's crucial I belive. Individual Stocks barring few are not that much matured as American markets I believe for options. Any other alternate for vwap plotting for index
@@AadvikaMysore in trading view not possible. Futures data not available. Investing. Com provides but my experience data is not standard hence cannot trust
@@AadvikaMysore in trading view not possible. Futures data not available. Investing. Com provides but my experience data is not standard hence cannot trust
@@TradeWithTrend Hi I am getting below errors while adding to chart in trading view: Processing script... line 4: Undeclared identifier `tickerid`; line 4: Undeclared identifier `period`; line 5: Undeclared identifier `tickerid`; line 5: Undeclared identifier `period`; line 6: Undeclared identifier `tickerid`; line 6: Undeclared identifier `period`; line 7: Undeclared identifier `tickerid`; line 7: Undeclared identifier `period`; line 9: Undeclared identifier `integer`; line 12: Undeclared identifier `length_NR`; line 14: Undeclared identifier `aHigh`; line 14: Undeclared identifier `aLow`; line 15: Undeclared identifier `aHigh`; line 15: Undeclared identifier `aLow`; line 16: Undeclared identifier `range_NR_Prep`; line 17: Undeclared identifier `range_NR`; line 19: Undeclared identifier `black` Script 'NR4 & NR7 Indicator' has been saved Add to Chart operation failed, reason: line 4: Undeclared identifier `tickerid`; line 4: Undeclared identifier `period`; line 5: Undeclared identifier `tickerid`; line 5: Undeclared identifier `period`; line 6: Undeclared identifier `tickerid`; line 6: Undeclared identifier `period`; line 7: Undeclared identifier `tickerid`; line 7: Undeclared identifier `period`; line 9: Undeclared identifier `integer`; line 12: Undeclared identifier `length_NR`; line 14: Undeclared identifier `aHigh`; line 14: Undeclared identifier `aLow`; line 15: Undeclared identifier `aHigh`; line 15: Undeclared identifier `aLow`; line 16: Undeclared identifier `range_NR_Prep`; line 17: Undeclared identifier `range_NR`; line 19: Undeclared identifier `black` Add to Chart operation failed, reason: line 4: Undeclared identifier `tickerid`; line 4: Undeclared identifier `period`; line 5: Undeclared identifier `tickerid`; line 5: Undeclared identifier `period`; line 6: Undeclared identifier `tickerid`; line 6: Undeclared identifier `period`; line 7: Undeclared identifier `tickerid`; line 7: Undeclared identifier `period`; line 9: Undeclared identifier `integer`; line 12: Undeclared identifier `length_NR`; line 14: Undeclared identifier `aHigh`; line 14: Undeclared identifier `aLow`; line 15: Undeclared identifier `aHigh`; line 15: Undeclared identifier `aLow`; line 16: Undeclared identifier `range_NR_Prep`; line 17: Undeclared identifier `range_NR`; line 19: Undeclared identifier `black`
@@TradeWithTrend Thanks. Working now after closing the plot. Will test this out next. Seems it gives minimal signals due to 1D TF, but with good accuracy..
Little addition for the viewers on How to identify clusters???....... Whenever BB forms into the KC the cluster formation commences. It may be on one side of BB Or the both side. Latest example of Reliance & Mindtree. ON investing.com BB= Bolinger Band, KC = Keltner Channel.
Thanks a lot sir .....Amazing teaching....should i get option chain live data after every interval of 3 min or whatever time frame i select , if i take Amibroker paid service..Thanks a lot Sir...
Is it possible for u to make a scanner in trading view which scans the NR candles for last 8 to 10 days and also gives the number of NR candles during that period. This will help in quick stock selection. Thanks
VERY GOOD.. learning a lotfrom u.. i need open =high , open =low stratagy, lot of times it is failing.. but still people saying it is good..., what are the additional things we should add for getting good results with that.
Thanks for your comment . Will look into it. Start with Part 1, all links in this Intraday Playlist. th-cam.com/play/PL9myHLrE5hrOT8O9g-f8kb575b-KTsq0B.html
SIr I could not able to understand hoe to use code and paste. nr 4 means narrow 4 candles bunch, and nr 7 is bunch of narrow 7 correct me if i am wrong
Hi sir.. How and where to find high beta stocks.Also let us know when should we keep searching for high beta stocks.Once in a week i.e week ending or else everyday.
Use this code. Make sure pine editor is blank when you post it. study("Ami Beta") a = tickerid b = input("NIFTY", type=symbol) as = security(a, period, close) bs = security(b, period, close) chg = roc(as, 1) chgbase = roc(bs, 1) N = input(252) chgbasedouble = chgbase * chgbase sumchgbasedouble = sum( chgbase, N ) * sum( chgbase, N ) beta = (N * sum( chg * chgbase , N ) - sum( chg, N ) * sum( chgbase, N ) ) / ( N * sum( chgbasedouble, N ) - sumchgbasedouble ) plot(beta)
Do you know that Sir Alfred Fox uses great strategies to make steady earnings for investors, I've made quite alot of profits in a short while,really became financially stable. Finally I get to think positively about the trade world. You can also reach out to him on +1(281) 673-6535 via whatsapp. He is the best I've ever met.
Dear sir I have watched so many videos in 2 days about share tradings . I am so so thankful to you and your efforts made everyone to understand this typical market where every one lost huge amount. Now I seen Nr4 or Nr7 strategy video really worth watching. What is Nr4 or Nr7 code and how do I get.please help me.
On Trading View, follow these steps. First, add VWAP indicator on the chart. Second, add Moving average on the chart. Third, double click on Moving Average and then in Input section, instead of Close, select VWAP
Dear sir, Am I right, when I say that direction of the price expantion after CLUSTER of NR4 and NR7 will be determined by using the same concept as that of OPENING RANGE BRAKE OUT/DOWN ?
Please find below the code for Trading view. I dont know how to use it at corespread. Paste it in Pine editor and then apply on chart. I see clusters through this code. study("NR4 & NR7 Indicator", overlay = true) aOpen = security(tickerid, period, open) aHigh = security(tickerid, period, high) aLow = security(tickerid, period, low) aClose = security(tickerid, period, close) length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer) NR_Check(range) => range < lowest(range, length_NR - 1)[1] ? true : false range_NR_Prep = aHigh - aLow range_NR = aHigh[1] - aLow[1] range_isCurrentLowest = NR_Check(range_NR_Prep) range_isLowest = NR_Check(range_NR) plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)
How to find or derive the high beta stocks? The stocks with high volatility is defined as high beta stocks or the one which is more relative to index movement is conseidered a high beta stock? How to find these high beta stocks on wat metrics?
@@TradeWithTrend Sir, Thanks a lot for the wonderful video and content. There is problem with the code in version @5. If updated, Please provide the updated code.
thumbs up for the content sir what should one do if wide candles come in between narrow candles ? sir should wicks and tails also considered in selecting nr4 7 n 9? sir can i use odin or nest plus as a realtime data feed for amibroker
In zerodha platform for MVWAP, follow this. 1. Choose Moving Average indicator from studies. 2. Change "Period" as required - 40 / 50. 3. Change "Field" as VWAP. 4. Change "Type" as Exponential. 5. Done.
The best videos I have ever seen on youtube or in any training, U r really rocking with u r way of teaching. One request, Kindly share the script for NR7 & NR 4
Thanks Anil. Do watch all these Day Trading videos as well. Will share the script in separate reply. Live Intraday Trading For Beginners Playlist th-cam.com/play/PL9myHLrE5hrP0FNJ6xzfjSb0M1H10dpdY.html Intraday Trading Strategies - Beginners Guide To Intraday Trading th-cam.com/play/PL9myHLrE5hrOT8O9g-f8kb575b-KTsq0B.html VWAP Trading Strategy th-cam.com/play/PL9myHLrE5hrPMGyFDPv-IQmJCqxVwRaMf.html
@@TradeWithTrend sir thank you from bottom of my heart . I have using this indicator and added additional code to spot inside bar with narrow range candles. I am now looking at all nifty 50 charts everyday to find the NR nad IB. Here is the additional code which might be useful for all your viewers here : //Spot inside bar First = input(true,title="First Inside Bar") Second = input(true,title="Second Inside Bar") IB1 = highlow[1]?1:0 IB2 = highlow[2]?1:0 both = IB1 == IB2? true:na plotshape(First?(both?na:IB1):na,style=shape.square,color=red,location=location.abovebar,transp=0,title="First Inside Bar") plotshape(Second?IB2:na,style=shape.circle,color=yellow,location=location.abovebar,transp=0,title="Second Inside Bar")
Nice video. I use the Narrow Range logic for my intraday. But not cluster of NR. I use narrow Range with inside bar. Next day trade depends on yesterday vwap and today vwap. But what I observed is success rate is not so good. Prices moves violently across the vwap and most of times stop loss is hit. Am not been able to fine tune my entries and exist. Let me try stocks with cluster of NR. If possible can you please provide AFL for cluster of NR. Thank you.
Thank you Pavan. With Cluster, your whipsaws will be limited. For Amibroker code, please email at Poweryourstocks@gmail. Code is too big to be shared here.
Hi, I really enjoy your videos, the strategy and the efforts you put into making these video. Your explanation makes it easy to understand and apply it practically. My humble request to make a video on risk management and money management while trading.
(VWAP TRADING ADVANCED CONCEPTS) - For Positional Trading Channel Members
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(JOIN CHANNEL) To Learn PRICE ACTION TRADING
th-cam.com/users/tradewithtrendjoin
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(CLICK Below) For all CHANNEL VIDEOS
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Trade With Trend
Sir the code for the same NR4 & NR7 candles for trading view?
Thanks in advance
Sir i am unable to find narrow range code for TV
bro code for NR7
Hi ,
Thanks a ton for these amazing videos. I have gone through videos from many sources on youtube -must say your are the BEST :) Your smooth communication skills and way of explaining concepts are a treat to watch and learn !!
Also , I am not able to find the Tradingview codes for NR4 and NR7 here, hence could you please share it with me?
Hi sir please share NR7 Cluster treding view code
Genuine Content ..Not selling any of His Course and Only youtuber Who replies to all Comments may be 1 comment or 1000 Comments...🙏
Thanks so much
Most decent man in TH-cam in trading related videos I ve seen. The cleanliness of presentation and way of talking, the voice, seems to me as a good teacher. Already a fan of u.
Thanks so much Angshuman
@@TradeWithTrend
Sir, what should be the stop loss if using NR 7 strategy in day trading.
Yr.realy.god.in.the.share.mkt.field.yor.honestly.explained.everything.i.respect.you.my.heart.of.bottom.
Dear sir,
I am getting solution of all my traiding mistakes, after learning concepts from your videos.
Thanks a lot for your efforts, because I can acess how much effort and descipline it takes to make such video with such content and explanation.
Thanks so much
I have seen many market analysts and you tube video channels but no one is like you sir,
You are simply amazing, your way of explaining things is one of the best,
Great job , learning a lot from you sir
Thanks
Thanks so much Mahesh. This means a lot.
3 years later watchig this video, still provides the best info. Thanks♥
Glad it was helpful!
Nr4 and nr7 IB is quite commonly used by many and increasingly becoming ineffective ... This idea will definitely give a edge fr narrow range traders... Thanks for sharing
Most Welcome Rajesh.
Stock market is ocean of opportunity and wealth. At the same time , it has big sharks as well. You are the person like light house which gives hope and direction to be survived. God bless you with all happiness and prosperity.
Thanks so much for your kind words. 🙏
@@TradeWithTrend sir please tell me how do I subscribe tradingview platform. Because the payment mode of platform is in USD. How do I pay? Pl guide me...
You will have to contact their support for this.
But I think you can subscribe easily if you have Credit or Debit card.
For VWAP and concepts shown in this video, you don't need a subscription. Free version is enough.
Most trustworthy person on youtube ..thank u
Thanks Pravin
All the hard work you put in day after day doesn't go unnoticed - thank you for sharing knowledge. You have made such a positive impact on my life.. In this video around 11:35, you are saying reliance June month breakout by showing July month chart there I confused and watched again & again anyway, thank you...
Thanks so much Mani. Sorry for the error.
Your way of analysis and explaining the concepts tells about extent of passion on profession. Simply superb.
Thanks Satya. Hope you have watched Friday's video as well
th-cam.com/video/Ux_uuOj-gKs/w-d-xo.html&lc=UgxxlrHhv7-psuI6Y4N4AaABAg
Thanks a lot for your effort and time. Getting prepare or expecting a trade before it appears is a holy grail for all traders, you showed the technique. Even though we have knowledge about trading techniques and patterns we are lack in foresee. This video helps a lot to get prepared for a perfect trade. Thanks a lot. Have a nice time.
Most welcome kkmb.
If you come up with any doubts, then do let me know.
@@TradeWithTrend Dear ST, In your earlier videos mostly the last slide will contains the summary or "The important points to be noted". It will be easier for newbies to maintain a journal as they not much aware of which point to focus. Kindly include the same if possible. Thanks a lot. Have a nice time.
@@Kishor_bv Thanks for suggestion. Most skip those sections as per the data I see. This is why, I have included a pre summary in the intro. I did this for yesterday's video and will check the data in couple of sessions to see the viewership.
@@TradeWithTrend Thanks
People who watching this or other educational video and didn’t understood that time, watch it again after some time you definitely will. It’s my personal experience
A new concept explained in simple words ..superb Sir ...will come up with queries after going through the charts
Sure Sachin. Looking forward.
your stuff r really awesome. u explain the concept threadbare. even a newbies can understand it. very effective teaching.
Thank you so much. Any doubt, let me know.
@@TradeWithTrend sir, the beauty of your teaching is that concepts gets cleared during the video itsey. the best teaching method is that a toddler too understands it.
very well explained Sir.. I have read most of the things you cover but your explanation makes it better to understand and its practical application.
keep coming up with such great videos... Thanks a ton.
Thank you so much Amit
can you plz share trading view code for NR7
study("NR4 & NR7 Indicator", overlay = true)
aOpen = security(tickerid, period, open)
aHigh = security(tickerid, period, high)
aLow = security(tickerid, period, low)
aClose = security(tickerid, period, close)
length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer)
NR_Check(range) =>
range < lowest(range, length_NR - 1)[1] ? true : false
range_NR_Prep = aHigh - aLow
range_NR = aHigh[1] - aLow[1]
range_isCurrentLowest = NR_Check(range_NR_Prep)
range_isLowest = NR_Check(range_NR)
plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)
Your style of explanation is superb
Thanks a lot 😊
Hi Sir what time frame do you use for the MVWAP & VWAP thank u
5 min and 15 min charts Kevin
@@TradeWithTrend what volume settings to you use for the charts thank u
Your methodical presentations are very usefule and should be watched a couple of times for helping oneself to put them to practical use. But there is clear logic throught..
to coroborate the stocks behaviour in the near future.Thanks for posting.
Glad it was helpful!
Dear Sir, what's the last valid narrow range candle cluster in BankNifty? 24 May, 26 May, 2Jun and 3 Jun are relatively narrower in last 9 days. Does the intraday bearish trade on 4 June below 35,540 level with wide range candles on 5 min chart valid NR trade on the back of NR candles identified on above said dates? Or is the price range between 24 May and 3 June too wide to consider that as a single NR cluster?
Hello sir,. please provide the code for the cluster for trading view platform...
Please find below the code for Trading view. Paste it in Pine editor and then apply on chart. I see clusters through this code.
study("NR4 & NR7 Indicator", overlay = true)
aOpen = security(tickerid, period, open)
aHigh = security(tickerid, period, high)
aLow = security(tickerid, period, low)
aClose = security(tickerid, period, close)
length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer)
NR_Check(range) =>
range < lowest(range, length_NR - 1)[1] ? true : false
range_NR_Prep = aHigh - aLow
range_NR = aHigh[1] - aLow[1]
range_isCurrentLowest = NR_Check(range_NR_Prep)
range_isLowest = NR_Check(range_NR)
plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)
I was attracted the way you teach to read charts. Your voice is really good and the pronounciation of words are very clear. Hats off to you sir. I want Trading View Code for NR7 AND NR4 I am a beginner. Kindly give me the link to copy and paste it in Tradingview.
Thanks and welcome
Please find below the code for Trading view. Paste it in Pine editor and then apply on chart. I see clusters through this code.
study("NR4 & NR7 Indicator", overlay = true)
aOpen = security(tickerid, period, open)
aHigh = security(tickerid, period, high)
aLow = security(tickerid, period, low)
aClose = security(tickerid, period, close)
length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer)
NR_Check(range) =>
range < lowest(range, length_NR - 1)[1] ? true : false
range_NR_Prep = aHigh - aLow
range_NR = aHigh[1] - aLow[1]
range_isCurrentLowest = NR_Check(range_NR_Prep)
range_isLowest = NR_Check(range_NR)
plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)
Please help us to select a software for trading 2, I am not able to find relative strength indicator in none of the online software. Thanks for your wonderful videos and help
Hi Sunder,
You Can view RS (Relative Strength) on Trading View Dot Com
You can use the code below.
study("Comparative Relative Strength", shorttitle="RS")
a = tickerid
b = input("NIFTY", type=symbol)
as = security(a, period, close)
bs = security(b, period, close)
plot(as/bs, title="RS", color=gray)
len = input(10)
plot(sma(as/bs, len), color=navy)
@@TradeWithTrend Thanks for Sharing, I am sure you must be having stock beta code also? is it possible to share? sundernt gmail com
Which website u use for charts?
I use Amibroker software and Trading View dot com. Hope this helps.
Hi Sir,
Your videos are excellent, Lot of information to newbies like me and hope your videos are useful for experienced traders too.. Thanks for your videos sir..
How to get NR7 dot in trading view? please suggest...
Please find below the code for Trading view. Paste it in Pine editor and then apply on chart. I see clusters through this code.
study("NR4 & NR7 Indicator", overlay = true)
aOpen = security(tickerid, period, open)
aHigh = security(tickerid, period, high)
aLow = security(tickerid, period, low)
aClose = security(tickerid, period, close)
length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer)
NR_Check(range) =>
range < lowest(range, length_NR - 1)[1] ? true : false
range_NR_Prep = aHigh - aLow
range_NR = aHigh[1] - aLow[1]
range_isCurrentLowest = NR_Check(range_NR_Prep)
range_isLowest = NR_Check(range_NR)
plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)
Hi, in the stock selection video you had mentioned that the ATR should be increasing in a stock, but in the NR7 method the ATR will naturally be decreasing. Please correct me if I’m wrong, ATR should be increasing on the lower time frame (5 mins) but should be decreasing on a higher time frame(daily). Thank you !
That's correct Abhishek
Its an interplay of time frames and this will help you identify trending stocks for the day.
Can I get the link of that video please?
Sir, can a cluster contains both NR7 and NR4 or we need to consider NR7 only cluster / NR4 only cluster?
Yes it can contain. You can combine both together.
I used this today for a paper trade in nifty 🤗
Yes a short trade was available and worked well.
Sir, how to scan for high beta stocks? Also, how do we put beta indicator in any chart? As shown in your example charts
Use this code. Make sure pine editor is blank when you post it.
study("Ami Beta")
a = tickerid
b = input("NIFTY", type=symbol)
as = security(a, period, close)
bs = security(b, period, close)
chg = roc(as, 1)
chgbase = roc(bs, 1)
N = input(252)
chgbasedouble = chgbase * chgbase
sumchgbasedouble = sum( chgbase, N ) * sum( chgbase, N )
beta = (N * sum( chg * chgbase , N ) - sum( chg, N ) * sum( chgbase, N ) ) / ( N * sum( chgbasedouble, N ) - sumchgbasedouble )
plot(beta)
@@TradeWithTrend thanks a lot sir :-)
HI, thanks for posting, the narrow range candle cluster, is easy to see and use, BUT could you explain after i see the cluster, any indication or indicator to watch to know if the market will up or down after the cluster, Now , i know something big either up or down will happen , but not sure which direction . please comment at your convenient. Thanks
Hi Wo Cheung,
Movement is all you require in Trading. Through VWAP, you will eventually be in the right direction. I still understand your concern though.
Over the next couple of weeks, I will be explaining some concepts of Price action to anticipate directional bias.
You can combine those concepts with this.
Bro - I'm just amazed at your work.. Keep it up.. Thanks
Thank you Raja
@@TradeWithTrend sir code?
Sir is there a screener for Nr7 cluster , we have for only Nr7 in chartink,great help if you could provide the link for Nr7 cluster, thank u :)
Please find below the code for Trading view. Paste it in Pine editor and then apply on chart. I see clusters through this code.
study("NR4 & NR7 Indicator", overlay = true)
aOpen = security(tickerid, period, open)
aHigh = security(tickerid, period, high)
aLow = security(tickerid, period, low)
aClose = security(tickerid, period, close)
length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer)
NR_Check(range) =>
range < lowest(range, length_NR - 1)[1] ? true : false
range_NR_Prep = aHigh - aLow
range_NR = aHigh[1] - aLow[1]
range_isCurrentLowest = NR_Check(range_NR_Prep)
range_isLowest = NR_Check(range_NR)
plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)
Where do I access to NR indicator? I couldn't find the link to tradingview NR ind
You Can view RS (Relative Strength) on Trading View Dot Com
You can use the code below.
study("Comparative Relative Strength", shorttitle="RS")
a = tickerid
b = input("NIFTY", type=symbol)
as = security(a, period, close)
bs = security(b, period, close)
plot(as/bs, title="RS", color=gray)
len = input(10)
plot(sma(as/bs, len), color=navy)
@@TradeWithTrend thank you very much. Ur team Emailed as well. (:
Pls give details of screener setting in TView for identifying N4 N7 clusters 🙏🏼 Do you see one in Nifty?
Please find below the code for Trading view. Paste it in Pine editor and then apply on chart. I see clusters through this code.
study("NR4 & NR7 Indicator", overlay = true)
aOpen = security(tickerid, period, open)
aHigh = security(tickerid, period, high)
aLow = security(tickerid, period, low)
aClose = security(tickerid, period, close)
length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer)
NR_Check(range) =>
range < lowest(range, length_NR - 1)[1] ? true : false
range_NR_Prep = aHigh - aLow
range_NR = aHigh[1] - aLow[1]
range_isCurrentLowest = NR_Check(range_NR_Prep)
range_isLowest = NR_Check(range_NR)
plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)
@@TradeWithTrend Sir I think your code doesn't work in Pine version 4.
which tradingview indicator you used for narrow range?
Thanks for your comment. Please find below the code for Trading view. Paste it in Pine editor and then apply on chart.
study("NR4 & NR7 Indicator", overlay = true)
aOpen = security(tickerid, period, open)
aHigh = security(tickerid, period, high)
aLow = security(tickerid, period, low)
aClose = security(tickerid, period, close)
length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer)
NR_Check(range) =>
range < lowest(range, length_NR - 1)[1] ? true : false
range_NR_Prep = aHigh - aLow
range_NR = aHigh[1] - aLow[1]
range_isCurrentLowest = NR_Check(range_NR_Prep)
range_isLowest = NR_Check(range_NR)
plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)
@@TradeWithTrend thanks a lot ....will monitor signal for few days and implement
Hi, How to identify if after NR7 cluster, the share will show upward trend or downward?
How to plot narrow range claster on chart
Please find below the code for Trading view. Paste it in Pine editor and then apply on chart. I see clusters through this code.
study("NR4 & NR7 Indicator", overlay = true)
aOpen = security(tickerid, period, open)
aHigh = security(tickerid, period, high)
aLow = security(tickerid, period, low)
aClose = security(tickerid, period, close)
length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer)
NR_Check(range) =>
range < lowest(range, length_NR - 1)[1] ? true : false
range_NR_Prep = aHigh - aLow
range_NR = aHigh[1] - aLow[1]
range_isCurrentLowest = NR_Check(range_NR_Prep)
range_isLowest = NR_Check(range_NR)
plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)
Where is the code copied for narrow range candle I didn't find please help.
Please find below the code for Trading view. Paste it in Pine editor and then apply on chart. I see clusters through this code.
study("NR4 & NR7 Indicator", overlay = true)
aOpen = security(tickerid, period, open)
aHigh = security(tickerid, period, high)
aLow = security(tickerid, period, low)
aClose = security(tickerid, period, close)
length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer)
NR_Check(range) =>
range < lowest(range, length_NR - 1)[1] ? true : false
range_NR_Prep = aHigh - aLow
range_NR = aHigh[1] - aLow[1]
range_isCurrentLowest = NR_Check(range_NR_Prep)
range_isLowest = NR_Check(range_NR)
plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)
@@TradeWithTrend thanks sir
Mister Trade with Trend, I hope that you can answer my question even though this video is some months old. Does you VWAP / MVWAP strategy (combined with Narrow Range Candlesticks) also work in forex? Or is it only good in stocks & options? I hope that you can help me :)
Yes it does work with Forex.
Another master piece from master brother, I was having this view when I watched and tried to apply after your narrow range video, but felt hard rather boring to figure out entry, exactly clusters were my hindrance point.... Thought of combining as barbwire(Ravi lathiya) once shared. I will surely try this concept in options... Let's see how well I'll place my self.
My view stocks tough to trade in options due to liquidity.... Index is good but we have to invest in software for mvwap(trading view not showing up vwap and mvwap).
Thanks is small gesture brother
Thank you Chunduru.
Trading View has the option to plot both VWAP and MVWAP.
On Trading View, follow these steps.
First, add VWAP indicator on the chart.
Second, add Moving average on the chart.
Third, double click on Moving Average and then in Input section, instead of Close, select VWAP
@@TradeWithTrend for stocks it's available brother but for Nifty and bank Nifty not available.... When playing with options that's crucial I belive. Individual Stocks barring few are not that much matured as American markets I believe for options.
Any other alternate for vwap plotting for index
We can use index futures for script for applying VWAP
@@AadvikaMysore in trading view not possible. Futures data not available. Investing. Com provides but my experience data is not standard hence cannot trust
@@AadvikaMysore in trading view not possible. Futures data not available. Investing. Com provides but my experience data is not standard hence cannot trust
Sir please let us know the beta range to be considered as high beta stock...
Thanks in advance...😊
Prefer Beta value to be greater than 1.2
Is this only for going short on the stock?
superb technique to explain this concept NR7...THANK YOU SO MUCH DEAR
Hello sir , I am not able to find the scanners for trading view and codes . Pls help me out
sir , please suggest setting for moving average like that length , source etc. or should as original
Sir over the head couldn't understand ,how to identify N7 N4 some of the narrow candles left out..SERIOUSLY couldn't understand. .it was bouncer
Sir Please give the link of the tradingview indicator for nr candles. I cannot fiind it in the description of the video.Thanks a lot for the video.
Thanks for your comment. Paste it in Pine editor and then apply on chart.
study("NR4 & NR7 Indicator", overlay = true)
aOpen = security(tickerid, period, open)
aHigh = security(tickerid, period, high)
aLow = security(tickerid, period, low)
aClose = security(tickerid, period, close)
length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer)
NR_Check(range) =>
range < lowest(range, length_NR - 1)[1] ? true : false
range_NR_Prep = aHigh - aLow
range_NR = aHigh[1] - aLow[1]
range_isCurrentLowest = NR_Check(range_NR_Prep)
range_isLowest = NR_Check(range_NR)
plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)
@@TradeWithTrend Hi I am getting below errors while adding to chart in trading view:
Processing script...
line 4: Undeclared identifier `tickerid`;
line 4: Undeclared identifier `period`;
line 5: Undeclared identifier `tickerid`;
line 5: Undeclared identifier `period`;
line 6: Undeclared identifier `tickerid`;
line 6: Undeclared identifier `period`;
line 7: Undeclared identifier `tickerid`;
line 7: Undeclared identifier `period`;
line 9: Undeclared identifier `integer`;
line 12: Undeclared identifier `length_NR`;
line 14: Undeclared identifier `aHigh`;
line 14: Undeclared identifier `aLow`;
line 15: Undeclared identifier `aHigh`;
line 15: Undeclared identifier `aLow`;
line 16: Undeclared identifier `range_NR_Prep`;
line 17: Undeclared identifier `range_NR`;
line 19: Undeclared identifier `black`
Script 'NR4 & NR7 Indicator' has been saved
Add to Chart operation failed, reason: line 4: Undeclared identifier `tickerid`;
line 4: Undeclared identifier `period`;
line 5: Undeclared identifier `tickerid`;
line 5: Undeclared identifier `period`;
line 6: Undeclared identifier `tickerid`;
line 6: Undeclared identifier `period`;
line 7: Undeclared identifier `tickerid`;
line 7: Undeclared identifier `period`;
line 9: Undeclared identifier `integer`;
line 12: Undeclared identifier `length_NR`;
line 14: Undeclared identifier `aHigh`;
line 14: Undeclared identifier `aLow`;
line 15: Undeclared identifier `aHigh`;
line 15: Undeclared identifier `aLow`;
line 16: Undeclared identifier `range_NR_Prep`;
line 17: Undeclared identifier `range_NR`;
line 19: Undeclared identifier `black`
Add to Chart operation failed, reason: line 4: Undeclared identifier `tickerid`;
line 4: Undeclared identifier `period`;
line 5: Undeclared identifier `tickerid`;
line 5: Undeclared identifier `period`;
line 6: Undeclared identifier `tickerid`;
line 6: Undeclared identifier `period`;
line 7: Undeclared identifier `tickerid`;
line 7: Undeclared identifier `period`;
line 9: Undeclared identifier `integer`;
line 12: Undeclared identifier `length_NR`;
line 14: Undeclared identifier `aHigh`;
line 14: Undeclared identifier `aLow`;
line 15: Undeclared identifier `aHigh`;
line 15: Undeclared identifier `aLow`;
line 16: Undeclared identifier `range_NR_Prep`;
line 17: Undeclared identifier `range_NR`;
line 19: Undeclared identifier `black`
@@arjunk5959 Pine editor should be blank when you post the code.
@@TradeWithTrend Thanks. Working now after closing the plot. Will test this out next. Seems it gives minimal signals due to 1D TF, but with good accuracy..
@@arjunk5959 Most welcome.
Little addition for the viewers on How to identify clusters???....... Whenever BB forms into the KC the cluster formation commences. It may be on one side of BB Or the both side. Latest example of Reliance & Mindtree. ON investing.com BB= Bolinger Band, KC = Keltner Channel.
Thank you for this insight Cmdr Raju
Good evening.Settings for bb and ks
Standered settings on EOD candle
@@Raju-wr1xh thank you
Thanks a lot sir .....Amazing teaching....should i get option chain live data after every interval of 3 min or whatever time frame i select , if i take Amibroker paid service..Thanks a lot Sir...
Thanks so much. You wont get option chain data on Amibroker
Is it possible for u to make a scanner in trading view which scans the NR candles for last 8 to 10 days and also gives the number of NR candles during that period. This will help in quick stock selection. Thanks
Thanks for your comment. I don't have any such scanner for now.
Thank you sir, what an education, all of your videos best on utube. Could you please provide the scan for thinkorswim, thanks again
Thanks so much. I dont have one for TOS
Sir is their any scanner to find NR4 & NR7???
Please find below the code for Trading view. Paste it in Pine editor and then apply on chart. I see clusters through this code.
study("NR4 & NR7 Indicator", overlay = true)
aOpen = security(tickerid, period, open)
aHigh = security(tickerid, period, high)
aLow = security(tickerid, period, low)
aClose = security(tickerid, period, close)
length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer)
NR_Check(range) =>
range < lowest(range, length_NR - 1)[1] ? true : false
range_NR_Prep = aHigh - aLow
range_NR = aHigh[1] - aLow[1]
range_isCurrentLowest = NR_Check(range_NR_Prep)
range_isLowest = NR_Check(range_NR)
plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)
Trade With Trend thanks a lot sir and how to execute the trade after finding NR 4&NR7 cluster in a stock sir
that was 1000th like for this video.. brilliant video ! :)
Thanks so much Sushil
sir if there is 4 cluster in 9 days which wick of the candle should be considered as strong breakout signal to buy or sell?
Please explain on the chart.
@@TradeWithTrend Bataindia stock sir.
@@TradeWithTrend sir give your email id i will send photo
VERY GOOD.. learning a lotfrom u.. i need open =high , open =low stratagy, lot of times it is failing.. but still people saying it is good..., what are the additional things we should add for getting good results with that.
Thanks for your comment . Will look into it.
Start with Part 1, all links in this Intraday Playlist.
th-cam.com/play/PL9myHLrE5hrOT8O9g-f8kb575b-KTsq0B.html
Thanks for making our weekends informative!!!
Thanks Joethim.
sir can you please tell indicator for marking cluster on fyers platfor,m ??
I dont use Fyers Mohit.
Code for Trading view I can provide.
SIr I could not able to understand hoe to use code and paste. nr 4 means narrow 4 candles bunch, and nr 7 is bunch of narrow 7 correct me if i am wrong
Where is the code to see the narrow range cluster and how to use this in trading view.
Please pin this in comment section sir.
TIA 🙏
In trading view, paste the code in pine editor. It is available at bottom end of screen. Once code is pasted, then add it on the chart.
Sure will do so Arun. Thanks for your suggestion.
Hello sir
Where can we find that trading view script for nr7 and nr 4
Sir how can i select NR7 in trading view as i select NR7 its showing different and not as per your chart please help
Sir find the same in settings. Thanks a lot. U r doing a great job for newbies like me.
Please find below the code for Trading view. Paste it in Pine editor and then apply on chart. I see clusters through this code.
study("NR4 & NR7 Indicator", overlay = true)
aOpen = security(tickerid, period, open)
aHigh = security(tickerid, period, high)
aLow = security(tickerid, period, low)
aClose = security(tickerid, period, close)
length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer)
NR_Check(range) =>
range < lowest(range, length_NR - 1)[1] ? true : false
range_NR_Prep = aHigh - aLow
range_NR = aHigh[1] - aLow[1]
range_isCurrentLowest = NR_Check(range_NR_Prep)
range_isLowest = NR_Check(range_NR)
plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)
Have the shared the code for same.
@@TradeWithTrend This code is not working. Message - Failed to add to chart reason - Scrip could not be transferred
Hi sir. Instead of daily candlestick. Shall we use 5 min candlesticks for NR4 and NR7
Avoid doing this. You will face many whipsaws.
@@TradeWithTrend Fine sir thanks
Sir i cant seem to find the NR4 and NR7 code in the description... Sir Can you take the trouble of pasting it in the comments...
Please find below the code for Trading view. Paste it in Pine editor and then apply on chart. I see clusters through this code.
study("NR4 & NR7 Indicator", overlay = true)
aOpen = security(tickerid, period, open)
aHigh = security(tickerid, period, high)
aLow = security(tickerid, period, low)
aClose = security(tickerid, period, close)
length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer)
NR_Check(range) =>
range < lowest(range, length_NR - 1)[1] ? true : false
range_NR_Prep = aHigh - aLow
range_NR = aHigh[1] - aLow[1]
range_isCurrentLowest = NR_Check(range_NR_Prep)
range_isLowest = NR_Check(range_NR)
plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)
@@TradeWithTrend Thanks a lot. 🙏
where can i get this code in chartink
Just search NR7 on chartink
@@TradeWithTrend
showing somany
Can Heikin Ashi Candles be used instead regular candles?
Yes most definitely.
Hi sir..
How and where to find high beta stocks.Also let us know when should we keep searching for high beta stocks.Once in a week i.e week ending or else everyday.
Use this code. Make sure pine editor is blank when you post it.
study("Ami Beta")
a = tickerid
b = input("NIFTY", type=symbol)
as = security(a, period, close)
bs = security(b, period, close)
chg = roc(as, 1)
chgbase = roc(bs, 1)
N = input(252)
chgbasedouble = chgbase * chgbase
sumchgbasedouble = sum( chgbase, N ) * sum( chgbase, N )
beta = (N * sum( chg * chgbase , N ) - sum( chg, N ) * sum( chgbase, N ) ) / ( N * sum( chgbasedouble, N ) - sumchgbasedouble )
plot(beta)
Is that applicable to forex trading charts??
All concepts are applicable to forex as well.
Do you know that Sir Alfred Fox uses great strategies to make steady earnings for investors, I've made quite alot of profits in a short while,really became financially stable. Finally I get to think positively about the trade world. You can also reach out to him on +1(281) 673-6535 via whatsapp. He is the best I've ever met.
Sir, which was the video where you had published pine editor for cluster of NR 7/4 to appear as dots on charts ?
Please find below the code for Trading view. Paste it in Pine editor and then apply on chart. I see clusters through this code.
study("NR4 & NR7 Indicator", overlay = true)
aOpen = security(tickerid, period, open)
aHigh = security(tickerid, period, high)
aLow = security(tickerid, period, low)
aClose = security(tickerid, period, close)
length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer)
NR_Check(range) =>
range < lowest(range, length_NR - 1)[1] ? true : false
range_NR_Prep = aHigh - aLow
range_NR = aHigh[1] - aLow[1]
range_isCurrentLowest = NR_Check(range_NR_Prep)
range_isLowest = NR_Check(range_NR)
plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)
Dear sir
I have watched so many videos in 2 days about share tradings . I am so so thankful to you and your efforts made everyone to understand this typical market where every one lost huge amount. Now I seen Nr4 or Nr7 strategy video really worth watching. What is Nr4 or Nr7 code and how do I get.please help me.
Please find below the code for Trading view. Paste it in Pine editor and then apply on chart. I see clusters through this code.
study("NR4 & NR7 Indicator", overlay = true)
aOpen = security(tickerid, period, open)
aHigh = security(tickerid, period, high)
aLow = security(tickerid, period, low)
aClose = security(tickerid, period, close)
length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer)
NR_Check(range) =>
range < lowest(range, length_NR - 1)[1] ? true : false
range_NR_Prep = aHigh - aLow
range_NR = aHigh[1] - aLow[1]
range_isCurrentLowest = NR_Check(range_NR_Prep)
range_isLowest = NR_Check(range_NR)
plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)
Hi Sir. Can you post the pine Editor Code for narrow range candles? In one the videos, you had mentioned about it. I cant find that exact video.
Please find below the code for Trading view. Paste it in Pine editor and then apply on chart. I see clusters through this code.
study("NR4 & NR7 Indicator", overlay = true)
aOpen = security(tickerid, period, open)
aHigh = security(tickerid, period, high)
aLow = security(tickerid, period, low)
aClose = security(tickerid, period, close)
length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer)
NR_Check(range) =>
range < lowest(range, length_NR - 1)[1] ? true : false
range_NR_Prep = aHigh - aLow
range_NR = aHigh[1] - aLow[1]
range_isCurrentLowest = NR_Check(range_NR_Prep)
range_isLowest = NR_Check(range_NR)
plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)
@@TradeWithTrend Thank you so much, Raunak Sir!!!
Sir Nr4 and Nr7 filters in ChartInk? How to apply.. unable to locate them in the drop down.
Hi Rohit Chotalia
Please find the link below for Chartink Screener
chartink. com/screener/nr7-current-day
@@TradeWithTrend got it Sir. Thank you. :)
Is there any difference between MVWAP and 50 oriod EMA with VWAP. If they r different..where is that MVWAP is available.
MVWAP is 50 period EME of VWAP. Which platform do you use?
Sir how to find high beta stocks?any scanner?
Try Trading View scanner or Chartlink
@@TradeWithTrend thank you
Raunakji how to plot mVWAP on charts. kindly guide me.
On Trading View, follow these steps.
First, add VWAP indicator on the chart.
Second, add Moving average on the chart.
Third, double click on Moving Average and then in Input section, instead of Close, select VWAP
@@TradeWithTrend Thankyou
Great work 👍🏻, where is the pinescript for identification of VR7 candle ?
Dear sir,
Am I right, when I say that direction of the price expantion after CLUSTER of NR4 and NR7 will be determined by using the same concept as that of OPENING RANGE BRAKE OUT/DOWN ?
Yes you need to combine both together.
Hello sir. Good day. Can you please let me know how to use NR4/7 at corespread. Thank you.
Please find below the code for Trading view. I dont know how to use it at corespread.
Paste it in Pine editor and then apply on chart. I see clusters through this code.
study("NR4 & NR7 Indicator", overlay = true)
aOpen = security(tickerid, period, open)
aHigh = security(tickerid, period, high)
aLow = security(tickerid, period, low)
aClose = security(tickerid, period, close)
length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer)
NR_Check(range) =>
range < lowest(range, length_NR - 1)[1] ? true : false
range_NR_Prep = aHigh - aLow
range_NR = aHigh[1] - aLow[1]
range_isCurrentLowest = NR_Check(range_NR_Prep)
range_isLowest = NR_Check(range_NR)
plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)
Sir how to find nr7 from chartink you discussed in one of your video but I am not able to find??
Hi Azam Khan
Please find the link below for Chartink Screener
chartink. com/screener/nr7-current-day
You are great teacher 👩🏫👩🏫💁📖➡👦👧
Thanks so much
Hi
effective tool
could you pls advise how to filter stock in chart ink that are in narrow range for past few sesisons
pls advise
thanks
Please find below the code for Trading view. Paste it in Pine editor and then apply on chart. I see clusters through this code.
study("NR4 & NR7 Indicator", overlay = true)
aOpen = security(tickerid, period, open)
aHigh = security(tickerid, period, high)
aLow = security(tickerid, period, low)
aClose = security(tickerid, period, close)
length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer)
NR_Check(range) =>
range < lowest(range, length_NR - 1)[1] ? true : false
range_NR_Prep = aHigh - aLow
range_NR = aHigh[1] - aLow[1]
range_isCurrentLowest = NR_Check(range_NR_Prep)
range_isLowest = NR_Check(range_NR)
plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)
@@TradeWithTrend thanks !
@@TradeWithTrend not working sir , copied exactly
How to find or derive the high beta stocks?
The stocks with high volatility is defined as high beta stocks or the one which is more relative to index movement is conseidered a high beta stock?
How to find these high beta stocks on wat metrics?
Hi ARUN
Use this code on Trading View Dot com. Beta value should be greater than 1.3.
study("Ami Beta")
a = tickerid
b = input("NIFTY", type=symbol)
as = security(a, period, close)
bs = security(b, period, close)
chg = roc(as, 1)
chgbase = roc(bs, 1)
N = input(252)
chgbasedouble = chgbase * chgbase
sumchgbasedouble = sum( chgbase, N ) * sum( chgbase, N )
beta = (N * sum( chg * chgbase , N ) - sum( chg, N ) * sum( chgbase, N ) ) / ( N * sum( chgbasedouble, N ) - sumchgbasedouble )
plot(beta)
@@TradeWithTrend is the code to be posted on pine editor under a stock?
Sir! If I select stocks through NR7 , do I also need to draw support and resistance on 15 minute timeframe? Or In 1hr/1 day timeframe for target?
Hi, do it on daily time frame.
@@TradeWithTrend thank you so much sir for all the help from your side.🙏
Wonderful series on vwap sir... Learning is a game with you... thanks for sharing n explaining it beautifully
Thanks and welcome Rakesh
Please share the script of NR for tradingview and thank you for great videos
Thanks Dheeraj. Paste it in Pine editor and then apply on chart.
study("NR4 & NR7 Indicator", overlay = true)
aOpen = security(tickerid, period, open)
aHigh = security(tickerid, period, high)
aLow = security(tickerid, period, low)
aClose = security(tickerid, period, close)
length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer)
NR_Check(range) =>
range < lowest(range, length_NR - 1)[1] ? true : false
range_NR_Prep = aHigh - aLow
range_NR = aHigh[1] - aLow[1]
range_isCurrentLowest = NR_Check(range_NR_Prep)
range_isLowest = NR_Check(range_NR)
plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)
@@TradeWithTrend is this is the same code, by which on chart dot is forming for NR?
@@debasishsingh8500 Yes Debu.
@@TradeWithTrend It is not working
@@TradeWithTrend where to enter this code
Sir, can you update pine script to the description to get the Narrow range candles in Tradingview.
Thank you.
Please find below the code for Trading view. Paste it in Pine editor and then apply on chart. I see clusters through this code.
study("NR4 & NR7 Indicator", overlay = true)
aOpen = security(tickerid, period, open)
aHigh = security(tickerid, period, high)
aLow = security(tickerid, period, low)
aClose = security(tickerid, period, close)
length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer)
NR_Check(range) =>
range < lowest(range, length_NR - 1)[1] ? true : false
range_NR_Prep = aHigh - aLow
range_NR = aHigh[1] - aLow[1]
range_isCurrentLowest = NR_Check(range_NR_Prep)
range_isLowest = NR_Check(range_NR)
plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)
@@TradeWithTrend Thank you sir for the response. I tried and it is working fine.
@@TradeWithTrend Sir, Thanks a lot for the wonderful video and content. There is problem with the code in version @5. If updated, Please provide the updated code.
thumbs up for the content
sir what should one do if wide candles come in between narrow candles ?
sir should wicks and tails also considered in selecting nr4 7 n 9?
sir can i use odin or nest plus as a realtime data feed for amibroker
Thanks so much.
For Amibroker, look into GDFL data source.
Sir i cant find NR indicator and Mvwap indicator are these available on zerodha or any other trading site
In zerodha platform for MVWAP, follow this.
1. Choose Moving Average indicator from studies.
2. Change "Period" as required - 40 / 50.
3. Change "Field" as VWAP.
4. Change "Type" as Exponential.
5. Done.
Please find below the code for Trading view. Paste it in Pine editor and then apply on chart. Pine editor should be blank when you apply this.
study("NR4 & NR7 Indicator", overlay = true)
aOpen = security(tickerid, period, open)
aHigh = security(tickerid, period, high)
aLow = security(tickerid, period, low)
aClose = security(tickerid, period, close)
length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer)
NR_Check(range) =>
range < lowest(range, length_NR - 1)[1] ? true : false
range_NR_Prep = aHigh - aLow
range_NR = aHigh[1] - aLow[1]
range_isCurrentLowest = NR_Check(range_NR_Prep)
range_isLowest = NR_Check(range_NR)
plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)
Trade With Trend sir anything for NR7 and NR9 in zerodha
No Sumit. Not available for Zerodha
@@TradeWithTrend sir the is no option as vwap for field inside moving average
Sir could you please help with code to mark nr4 and nr7 in trading view
its amazing Sir , thanks much ! apart from sharing the right knowledge , your way of explanation is highly great.
You are most welcome. Do watch today's video as well Arun.
th-cam.com/video/H-crJEk5cdU/w-d-xo.html
The best videos I have ever seen on youtube or in any training, U r really rocking with u r way of teaching.
One request, Kindly share the script for NR7 & NR 4
Thanks Anil. Do watch all these Day Trading videos as well. Will share the script in separate reply.
Live Intraday Trading For Beginners Playlist
th-cam.com/play/PL9myHLrE5hrP0FNJ6xzfjSb0M1H10dpdY.html
Intraday Trading Strategies - Beginners Guide To Intraday Trading
th-cam.com/play/PL9myHLrE5hrOT8O9g-f8kb575b-KTsq0B.html
VWAP Trading Strategy
th-cam.com/play/PL9myHLrE5hrPMGyFDPv-IQmJCqxVwRaMf.html
Please find below the code for Trading view. Paste it in Pine editor and then apply on chart. I see clusters through this code.
study("NR4 & NR7 Indicator", overlay = true)
aOpen = security(tickerid, period, open)
aHigh = security(tickerid, period, high)
aLow = security(tickerid, period, low)
aClose = security(tickerid, period, close)
length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer)
NR_Check(range) =>
range < lowest(range, length_NR - 1)[1] ? true : false
range_NR_Prep = aHigh - aLow
range_NR = aHigh[1] - aLow[1]
range_isCurrentLowest = NR_Check(range_NR_Prep)
range_isLowest = NR_Check(range_NR)
plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)
@@TradeWithTrend sir thank you from bottom of my heart . I have using this indicator and added additional code to spot inside bar with narrow range candles. I am now looking at all nifty 50 charts everyday to find the NR nad IB.
Here is the additional code which might be useful for all your viewers here :
//Spot inside bar
First = input(true,title="First Inside Bar")
Second = input(true,title="Second Inside Bar")
IB1 = highlow[1]?1:0
IB2 = highlow[2]?1:0
both = IB1 == IB2? true:na
plotshape(First?(both?na:IB1):na,style=shape.square,color=red,location=location.abovebar,transp=0,title="First Inside Bar")
plotshape(Second?IB2:na,style=shape.circle,color=yellow,location=location.abovebar,transp=0,title="Second Inside Bar")
@@TradeWithTrend Thank you for the script
Nice video. I use the Narrow Range logic for my intraday. But not cluster of NR. I use narrow Range with inside bar. Next day trade depends on yesterday vwap and today vwap. But what I observed is success rate is not so good. Prices moves violently across the vwap and most of times stop loss is hit. Am not been able to fine tune my entries and exist. Let me try stocks with cluster of NR. If possible can you please provide AFL for cluster of NR. Thank you.
Thank you Pavan. With Cluster, your whipsaws will be limited.
For Amibroker code, please email at Poweryourstocks@gmail. Code is too big to be shared here.
Thank you, I have send a mail.
Dear sir,
May i get amibroker scanner NR4 & NR7
Cannot find the NR4 , NR 7 Code for Trading View Platform?
Please find below the code for Trading view. Paste it in Pine editor and then apply on chart. I see clusters through this code.
study("NR4 & NR7 Indicator", overlay = true)
aOpen = security(tickerid, period, open)
aHigh = security(tickerid, period, high)
aLow = security(tickerid, period, low)
aClose = security(tickerid, period, close)
length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer)
NR_Check(range) =>
range < lowest(range, length_NR - 1)[1] ? true : false
range_NR_Prep = aHigh - aLow
range_NR = aHigh[1] - aLow[1]
range_isCurrentLowest = NR_Check(range_NR_Prep)
range_isLowest = NR_Check(range_NR)
plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)
Pine editor code for finding NR 7 please
Please find below the code for Trading view. Paste it in Pine editor and then apply on chart. I see clusters through this code.
study("NR4 & NR7 Indicator", overlay = true)
aOpen = security(tickerid, period, open)
aHigh = security(tickerid, period, high)
aLow = security(tickerid, period, low)
aClose = security(tickerid, period, close)
length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer)
NR_Check(range) =>
range < lowest(range, length_NR - 1)[1] ? true : false
range_NR_Prep = aHigh - aLow
range_NR = aHigh[1] - aLow[1]
range_isCurrentLowest = NR_Check(range_NR_Prep)
range_isLowest = NR_Check(range_NR)
plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)
Dear Sir, Please give us trading view code for the clusters.... I am unable to find the same... Thanks in advance
🙏
Please find below the code for Trading view. Paste it in Pine editor and then apply on chart. I see clusters through this code.
study("NR4 & NR7 Indicator", overlay = true)
aOpen = security(tickerid, period, open)
aHigh = security(tickerid, period, high)
aLow = security(tickerid, period, low)
aClose = security(tickerid, period, close)
length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer)
NR_Check(range) =>
range < lowest(range, length_NR - 1)[1] ? true : false
range_NR_Prep = aHigh - aLow
range_NR = aHigh[1] - aLow[1]
range_isCurrentLowest = NR_Check(range_NR_Prep)
range_isLowest = NR_Check(range_NR)
plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)
How do I apply this nr4/7 screener or algorithm to my trading view? Do help me guys
Hi, will you please share narrow range script, i didn't find in the comment section.
Thanks for your comment. Please find below the code for Trading view. Paste it in Pine editor and then apply on chart.
study("NR4 & NR7 Indicator", overlay = true)
aOpen = security(tickerid, period, open)
aHigh = security(tickerid, period, high)
aLow = security(tickerid, period, low)
aClose = security(tickerid, period, close)
length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer)
NR_Check(range) =>
range < lowest(range, length_NR - 1)[1] ? true : false
range_NR_Prep = aHigh - aLow
range_NR = aHigh[1] - aLow[1]
range_isCurrentLowest = NR_Check(range_NR_Prep)
range_isLowest = NR_Check(range_NR)
plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)
Hi, I really enjoy your videos, the strategy and the efforts you put into making these video. Your explanation makes it easy to understand and apply it practically.
My humble request to make a video on risk management and money management while trading.
Thank you Rohan for your kind words. One trade management related video will be coming out this week.
Sir can you please provide the code for narrow range cluster
Use code below. Make sure Pine editor is blank when you post it.
study("NR4 & NR7 Indicator", overlay = true)
aOpen = security(tickerid, period, open)
aHigh = security(tickerid, period, high)
aLow = security(tickerid, period, low)
aClose = security(tickerid, period, close)
length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer)
NR_Check(range) =>
range < lowest(range, length_NR - 1)[1] ? true : false
range_NR_Prep = aHigh - aLow
range_NR = aHigh[1] - aLow[1]
range_isCurrentLowest = NR_Check(range_NR_Prep)
range_isLowest = NR_Check(range_NR)
plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)
Okay sir, thank you so much ☺️
sir I am unable to find video on narrow range clusters that u 've discussed in video. Plz help me to find that
Please find below the code for Trading view. Paste it in Pine editor and then apply on chart. I see clusters through this code.
study("NR4 & NR7 Indicator", overlay = true)
aOpen = security(tickerid, period, open)
aHigh = security(tickerid, period, high)
aLow = security(tickerid, period, low)
aClose = security(tickerid, period, close)
length_NR = input(defval = 7, title = "Enter No. Of Days", type = integer)
NR_Check(range) =>
range < lowest(range, length_NR - 1)[1] ? true : false
range_NR_Prep = aHigh - aLow
range_NR = aHigh[1] - aLow[1]
range_isCurrentLowest = NR_Check(range_NR_Prep)
range_isLowest = NR_Check(range_NR)
plotshape(range_isCurrentLowest == true ? low : na, style = shape.circle, color = black, transp = 0)