Historical Volatility Ratio–Narrow Ran
HVR-NR4/IB
That would be Historical Volatility – Narrow 4 InsideDoes anyone know about the HVR-NR4/IB system?
I've had success with just regular IB for 30 minutes of TF, but I don't have the time to sit around all day and watch the dailies I'm looking for. As the author says, this system is old. Just wondering if anyone has tried it recently with success
Attached are pdf and some files I have used.
I just tinkered with this and had no real results
This isn't pure price action, but it looks promising
NR4 /IB settings
The NR4/IB setting is a combination of narrow range bars, which is the smallest of the last bars.
The four days are also inside bars against the bars of the previous days.
Let's look at each component and put them together so you can easily identify this setup.
( NR4 ) Narrow Range 4 Bar : NR4 is the bar with the smallest range
The first four bars contain the current bar.
( IB ) Inside Bar : An inside bar is a bar where the highest price is at or below
Higher than the high of the previous few days and with a low equal to or higher than the low of the previous few days. This is
What needs to be noted here is that only the highest or lowest price can be equal to the highest price of the previous few days.
Or low – but not both. Crucially, the high or low must be within the range of the previous days.
( NR4/IB ) Narrow Range 4 Inner Bar : ( Above ) To have Narrow Range Inner Bar 4,
The current column must be a combination of NR4 and internal columns, as described above.
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