NR4 & NR7 with Breakouts
By LuxAlgoApr 30, 2025
Volatility contracts before it expands, and NR4 & NR7 with Breakouts is built on exactly that rhythm. The indicator scans for NR4 and NR7 narrow-range bars (bars whose high-low span is tighter than the three or six bars before them) then boxes each one and extends its range with lines, so a coiled market is visible the moment it forms.
How to Trade the NR4 & NR7 with Breakouts?
- Marked zone and range lines: a fresh narrow-range bar defines the exact levels to set limit orders and frame risk around.
- Breakout signal: fires when a candle closes outside the detected range, stamping the direction of the breakout; signals key off the most recent pattern until a new one appears.
- Reset at the Range Mean: after a signal, the logic pauses until price revisits the range's mean, preventing repeat triggers from a single pattern.
Every NR7 is by definition also an NR4, though not the reverse, so switching the pattern selection changes what is highlighted rather than what exists. These formations were historically studied on daily bars; the indicator can generate them from any timeframe above your chart's, and choosing that timeframe deliberately preserves the pattern's meaning.
NR4 & NR7 with Breakouts Settings
- Timeframe: the timeframe scanned for NR4 and NR7 patterns. Set it higher than the chart's own.
- Pattern Type: choose which patterns to visualize, NR4, NR7, or both.
Frequently Asked Questions
Free indicator
Get free access to this indicator on the platforms below.
The Library is free. Quant makes it yours.
Pull any concept or indicator into Quant: rebuild it, retune it, or turn it into a backtested strategy of your own.