NR7 Weekly

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Scan Description: Market goes thru regular contraction (i.e. daily trading range getting shorter and shorter) and expansion (i.e. daily trading range getting bigger) cycle. Expanding range is followed by Contraction and vice-versa. So if we can identify the narrow range days, then it give us a step ahead of everybody to benefit from coming expansion.

Related Screeners

Pivot point-5 min without restriction-weekly- Pivot point (pp) = (high + low + close) / 3, support and resistance levels are then calculated off the pivot point like so: first level support and resistance: first resistance (r1) = (2 x pp) – low first support (s1) = (2 x pp) – high
Weekly +ve divergence- Weepositive divergekly rsi nce
Weekly rsi positive divergence- Weekly rsi positive divergence
Engulfing and insider with 50 sma with futures-1 week-
Pullback - buy 2 - daily, weekly, monthly- Reversal for buy
Pullback - buy - daily, weekly, monthly- Reversal for buy
Sma body 20-50-
St bullish/1 day-
Hl breaker-
Bullish/1 day-
St bearish/1 day-
Heiken ashi higher highs & close for 2 weeks- Heiken ashi higher highs & close for 2 weeks
Nr4 weekly futures- Market goes thru regular contraction (i.e. daily trading range getting shorter and shorter) and expansion (i.e. daily trading range getting bigger) cycle. expanding range is followed by contraction and vice-versa. so if we can identify the narrow range days, then it give us a step ahead of everybody to benefit from coming expansion.
Volume down-
Scan 48 - daily, weekly & monthly bearish marubozu candle with more than average volume-