NR4 Scanner

NR4 Scanner

An NR4 scanner is a tool used in technical analysis to identify stocks that are consolidating in a narrow range for four days and are poised for a potential breakout. The "NR" stands for "Narrow Range," and the "4" refers to the four-day period.

Here's how it works:

  1. Identifying the NR4 pattern: The scanner looks for stocks that have had a relatively low trading range for the past four days. This means that the daily high and low prices haven't moved much compared to the previous days.
  2. Breakout potential: The theory behind the NR4 pattern is that after a period of consolidation, the stock price is more likely to make a significant move in one direction or the other. This breakout could be either upwards or downwards.
  3. Scanning tools: There are a number of different NR4 scanners available online, both as free and paid services. Some popular scanners include Chartink, Intradayscreener, and TradingView.


Things to keep in mind:

  • NR4 is just one technical indicator, and it should not be used as the sole basis for making trading decisions.
  • It is important to consider other factors, such as the overall market sentiment, the stock's fundamentals, and your own risk tolerance, before making any trades.
  • Breakouts from NR4 patterns can happen in either direction, so it is important to be prepared for both bullish and bearish moves.

https://drive.google.com/drive/folders/1FoP0Md6H08bIL9gbYYKqPPjerUI12gSN

https://bit.ly/48vdACe

https://docs.google.com/document/d/e/2PACX-1vSHiQp9EZrkQNTu1ohYXDLHEdqi-rYVXQ8uOXeHJDoTFHM1F-y_dAGCWCehHozxF4IlHZEmhO0GQ0Xs/pub

https://bit.ly/3S4fBzU

https://docs.google.com/presentation/d/e/2PACX-1vTuXlM6eSn-bOTvtxjukLc_wWjlGPYZhVCc5KqKNqfqpTLFooZb_rpDD3ZlfcLmjZGKf3Ir84xq6TMI/pub?start=false&loop=false&delayms=3000

https://bit.ly/3S3Kg06

https://sites.google.com/view/nr4scanner/

https://bit.ly/47iEOLi

https://merchandise01.blogspot.com/2024/01/nr4-scanner.html

https://bit.ly/3H5ktym


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