What is Narrow Range
How does professional traders use narrow range for trading Intraday or swing trade??
What is Narrow Range
How does professional traders use narrow range for trading Intraday or swing trade??
The Range of Yesterday’s Daily Candle ( High - Low ) is the lowest value of the past 4 or 7 consecutive days.
Not sure if the Real Professionals really use any of these Technical analysis based Trading Setups these days, but here are some NR 4 & NR 7 Trading Setup Strategies sold to Retail Traders.
SETUP 1
LONG = Yesterday is a NR day and When Today’s LTP cross ABOVE Yesterday’s High.
SHORT = Yesterday is a NR day and When Today’s LTP cross BELOW Yesterday’s Low.
SETUP 2
LONG = Yesterday is a NR day and When Today’s Low is ABOVE Yesterday’s High.
SHORT = Yesterday is a NR day and When Today’s High is BELOW Yesterday’s Low.
SETUP 3
LONG = Yesterday is a NR day and Yesterday is an Inside Candle and When Today’s LTP cross ABOVE Yesterday’s High.
SHORT = Yesterday is a NR day and Yesterday is an Inside Candle and When Today’s LTP cross BELOW Yesterday’s Low.
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Thank you
See if this scanner is useful to u…
It identifies stocks which have ranged lowest today compared to last 6 days… Action wud b either abv today’s high or low… Added volume filter (greater than 5 lakhs) to eliminate illiquid stocks… U may modify as per ur choice…
All d very best