According to Toby Crabel:
2NR is the narrowest range from high to low of any 2-day period relative to any 2-day period within previous 20 days
3NR is the narrowest range from high to low of any 3-day period relative to any 3-day period within previous 20 days
4NR is the narrowest range from high to low of any 4-day period relative to any 4-day period within previous 40 days
8NR is the narrowest range from high to low of any 8-day period relative to any 8-day period within previous 40 days
As a bonus / option I have also added Wide Range Bar pattern indication.
If you use Customizable Method, any Sample, Range period can be set.
Toby Crabel NR Pattern.lua- (4.05 KiB) Downloaded 747 times
The indicator was revised and updated
