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Narrow Range 15 / NR 15 Scanner
| Code | Price | Chart | |||||
|---|---|---|---|---|---|---|---|
| AARTIPHARM | 826.95 | ||||||
| ADANIENSOL | 1373.0 | ||||||
| ADANIPORTS | 1764.6 | ||||||
| AFFLE | 1567.6 | ||||||
| ALIVUS | 1386.8 | ||||||
| ALOKINDS | 7.36 | ||||||
| ATLANTAELE | 1777.8 | ||||||
| BALKRISIND | 2164.6 | ||||||
| BORORENEW | 495.65 | ||||||
| CESC | 145.37 | ||||||
| CMSINFO | 224.38 | ||||||
| CRISIL | 4697.9 | ||||||
| CSBBANK | 305.7 | ||||||
| DCBBANK | 226.37 | ||||||
| LALPATHLAB | 1909.0 | ||||||
| EXIDEIND | 412.65 | ||||||
| FACT | 779.6 | ||||||
| GALLANTT | 546.4 | ||||||
| GHCL | 421.15 | ||||||
| GILLETTE | 7307.0 |
Narrow Range 15 (NR15) Scanner
What is Narrow Range 15 (NR15)?
Narrow Range 15 (NR15) is a volatility contraction pattern where the current candle has the smallest high-to-low trading range among the previous fifteen candles. It represents an extended period of low volatility and market consolidation, which is often followed by a sharp price expansion in either the bullish or bearish direction.
How the NR15 Pattern Forms
- The market experiences normal price fluctuations over several trading sessions.
- The latest candle records the narrowest trading range among the last fifteen candles.
- The shrinking range reflects exceptionally low volatility and temporary market indecision.
- Buyers and sellers remain balanced as the price consolidates within a tight range.
- A breakout above the high or below the low of the NR15 candle often signals the beginning of a significant price move.
Trading Strategy
- Monitor the high and low of the NR15 candle for potential breakout levels.
- Enter a trade only after a confirmed breakout above the high or below the low.
- Many traders place a stop-loss on the opposite side of the NR15 candle.
- Use trading volume and momentum indicators to improve breakout confirmation and reduce false signals.
Advantages
- Identifies extended periods of very low volatility before major price movements.
- Provides clearly defined breakout and stop-loss levels.
- Can capture both bullish and bearish breakout opportunities.
- Suitable for swing, and positional trading across multiple timeframes.
TSR Scanner Features
- Real-Time Alerts: Set up alerts to get notified exactly as the condition meets.
- Fine-Tune Filter: Combine with volume and TSR strength index for better accuracy.
- Custom Tracking: Filter signals based on specific stock baskets or your personalized watchlist.
- Backtesting Capabilities: Evaluate historical data to gain confidence.
- Flexible Timeframes: Filter intervals from 1-minute to monthly ticks.
- Auto Refresh: Keeps your scanner data continuously updated.
Fine Tune : You can customise these screeners by clicking on 'Fine Tune Filter' Option
Caution : All these screeners are crafted based on some historical scenarios which may / may notbe applicable here. We recommend to fine tune them according to current market conditions or seek expert advise before taking any decision.