Download - Narrow Range Seven (NR7) Setup Calculator based on Welles Wilder's True Range

Hi 
A few days ago I had uploaded Narrow Range Seven(NR7) Calculator.While the original strategy of NR7 is based on daily range calculation(calculated by deducting low from high price) and comparing it with the past seven days range(including today).I feel that using true range instead of daily range will lead to better screening of this setup.


I am uploading Narrow Range Seven (NR7) Setup Calculator based on Welles Wilder's True Range.You can download it from here


Apart from the above calculations you will also find an Inside Day and Outside Day Calculator attached.If the day has formed an Inside Day as well as NR7 or NR4 bar, it is considered to be a high probablity setup


As always the "Grey cells" in the Excel File can be changed as you get new data everyday.If you want a modifiable version of this calculator you can download the link under "related file" section at the end of this post.


I will upload a stock screener based on this setup shortly.However that will be a little difficult for people who are new to Excel.
Hope you find it useful in your trading.If there are any problems related to this calculator you can mention that in the comments section or mail me.
Cheers


Related File
Download - Narrow Range Seven (NR7) Setup Calculator based on Welles Wilder's True Range Modifiable (Research Version)
Related Post
Narrow Range Calculator
Download - Stock Screener based on Narrow Range Seven (NR7) Strategy
Posted by A J at
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5 comments:

  1. sherbaazSaturday, July 24, 2010 5:22:00 PM

    Great Work done.

    Keep it up.

    Sherbaaz

    ReplyDelete
  2. A JSaturday, July 24, 2010 11:32:00 PM

    @sherbaaz
    Thanks :)

    ReplyDelete
  3. Manu TripathiThursday, November 04, 2010 3:41:00 PM

    baaz suggested me look here. will go for it. regards.
    manu

    ReplyDelete
  4. AnonymousWednesday, February 23, 2011 11:53:00 AM

    how to do trading with NR7ATR I AM NOT ABLE TO UNDERSTAND THE VALUES INSIDE DAY OUTSIDE DAY NR4 TRNR4 WHAT DOES IT MEANS

    ReplyDelete
  5. A JWednesday, February 23, 2011 12:54:00 PM

    Hi Anonymous ji
    please check the link below for NR7 and NR4

    http://thepatternsite.com/nr7.html

    Alternatively you can read..
    Toby Crabel's book Day Trading With Short Term Price Patterns and Opening Range Breakout.

    Hope it helps

    ReplyDelete

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