Sunit's ID / NR4 / NR7 / IDNR4 / IDNR7 + LVQ/LVY/LVE

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This indicator identifies some of the most powerful price compression patterns used in short-term and swing trading, including:

Inside Day (ID)

NR4 (Narrowest Range in 4 Bars)

NR7 (Narrowest Range in 7 Bars)

IDNR4 (Inside Day + NR4)

IDNR7 (Inside Day + NR7)

Along with volume-based exhaustion signals:

LVQ — Lowest Volume in Quarter

LVY — Lowest Volume in Year

LVE — Lowest Volume Ever (dataset minimum)

These patterns originate from volatility breakout logic used by Toby Crabel, quantitative traders, prop firms, and systematic momentum strategies.

🎯 Why These Patterns Matter

Markets move in a cycle:

Volatility contraction → Volatility expansion → Trend continuation or reversal.

NR4, NR7, and Inside Days highlight tight consolidation, where market participants become indecisive.
Low-volume conditions (LVQ/LVY/LVE) often signal complete disinterest — usually right before volatility expansion.

When price compression AND volume contraction occur together, it often precedes:

✔ Breakouts
✔ Trend continuation
✔ Momentum bursts
✔ Opening Range Breakouts (ORB)
✔ Swing explosive moves

This script highlights those conditions visually and generates optional alerts.

🧠 Trade Application Ideas

This is NOT a buy/sell indicator — it's a setup detector.

Common use cases:

Day trading / Opening Range Breakouts (ORB)

Swing trading volatility expansion

Scanning for breakout candidates

Filtering for best risk-reward environments

Momentum burst and continuation setups

Mean reversion failure traps (failed breakouts)

Best timeframes: Daily, 4H, 1H
(Though intraday scalpers may also use it.)

🛠 Features Included

✔ Highlights ID, NR4, NR7, IDNR4, IDNR7 patterns
✔ Separate color coding for each pattern
✔ Labels plotted on chart
✔ Volume exhaustion tags (LVQ, LVY, LVE)
✔ Compression combo detection (price + volume)
✔ Fully configurable options
✔ Works on stocks, futures, crypto, forex
✔ Built in TradingView Alerts for every pattern

Ideal for scans, dashboards, and watchlist building.

🧭 Best Practice Workflow

Night Before / After Market Close:

Scan for IDNR7, IDNR4, NR7, NR4

Add any with LVQ / LVY / LVE to watchlist

The next day: wait for breakout levels or ORB structure

Next Day Execution Examples:

ORB breakout above Inside Day/NR high

Break of previous high/low with volume

Trend continuation in direction aligned with broader structure

⚠️ Notes / Disclaimer

This tool does not generate direct buy/sell signals.

It is a market structure scanner for discretionary or systematic setups.

Always combine with context: trend, liquidity, ATR, session behavior.

11 時間前

リリースノート

This indicator identifies some of the most reliable price compression patterns used by professional traders to anticipate strong momentum breakouts and volatility expansions.

It detects:

Inside Day (ID)

NR4 — Narrowest Range in last 4 bars

NR7 — Narrowest Range in last 7 bars

IDNR4 — Inside Day + NR4 compression

IDNR7 — Inside Day + NR7 compression (high-probability setup)

These patterns come from Toby Crabel’s research on short-term volatility structures. They are widely used by systematic breakout traders, discretionary swing traders, prop firms, and traders influenced by Mark Minervini, William O’Neil, Qullamaggie, and momentum burst frameworks.

🎯 Why These Patterns Matter

Markets tend to move through two repeating phases:

Compression → Expansion → Trend → Exhaustion → Compression again.

NR4, NR7, and Inside Days represent tight consolidation, often showing that volatility is drying up and a move is building.

These patterns tend to appear just before sharp directional moves, making them useful for:

✔ Breakouts
✔ Trend continuation timing
✔ Swing entries
✔ Opening Range Breakouts (ORB)
✔ Momentum burst entries
✔ Stop placement and risk management

📊 Volume Compression Detection

In addition to price-based patterns, this script highlights:

LVQ — Lowest Volume in last Quarter (63 bars)

LVY — Lowest Volume in last Year (252 bars)

LVE — Lowest Volume Ever on the chart

Volume contraction can signal exhaustion of participation before expansion.
When a price compression pattern overlaps with low volume, it creates a powerful readiness signal.

🎨 Visual Design

To keep charts clean and usable:

Only bars that match a detected pattern are colored.

All other candles retain your default chart theme.

This ensures the indicator enhances your workflow without cluttering or overriding your chart style.

Labels automatically mark detected patterns, making scanning easy.

🔔 Alerts Included

Alerts are available for:

ID

NR4

NR7

IDNR4

IDNR7

LVQ / LVY / LVE

Compression Combo Alert (price pattern + volume contraction)

Great for watchlists, ORB systems, and automated workflow setups.

🧠 How Traders Use This

This is not a buy/sell signal — it’s a setup identification tool.

Common applications:

Swing trading: Marking stocks coiling before breakouts

Momentum trading: Finding tight consolidations before bursts

Day trading ORB setups: Using compression to plan levels

Scanning for high-potential candidates

Risk-defined entries with tight structural stops

Works across:

Stocks

Futures

Indices

Forex

Crypto

Ideal timeframes: Daily, 4H, 1H, and intraday depending on strategy.

⚠️ Disclaimer

Use as part of a broader trading framework including trend context, risk management, and confirmation signals. Nothing here is financial advice.

11 時間前

リリースノート

This indicator highlights key volatility contraction patterns used by serious breakout and momentum traders. These patterns are based on the work of Toby Crabel, later popularized and adapted by traders such as Mark Minervini, William O’Neil, Pradeep Bonde (StockBee), Qullamaggie, and modern volatility-based breakout systems.

The goal of the script is simple:

Identify price and volume compression BEFORE explosive breakouts or trend continuation.

It detects:

Inside Day (ID)

NR4 — Narrowest Range in last 4 candles

NR7 — Narrowest Range in last 7 candles

IDNR4 — Inside Day + NR4 combination

IDNR7 — Inside Day + NR7 combination (high-quality compression)

These are classic Crabel signals for low-volatility setups that often precede expansion, momentum bursts, and ORB (Opening Range Breakout) opportunities.

🎯 Volume Compression Signals

Along with price-based compression, the script detects supply-side exhaustion via volume:

LVQ — Lowest Volume in last Quarter (63 bars)

LVY — Lowest Volume in last Year (252 bars)

LVE — Lowest Volume Ever on the chart

Volume contraction + volatility contraction = coiled spring behavior.

🔥 New Additions: Micro Compression Signals

Two advanced compression signals are included:

Signal Description Meaning
3TC (Three Tight Candles) Three consecutive candles with unusually small ranges vs ATR Early squeeze detection
3TC-LV Three tight candles AND at least one low-volume event (LVQ/LVY/LVE) in the same window High-conviction compression pattern

3TC-LV is often seen right before momentum bursts, VCP pivots, or ORB-based breakouts — especially in institutional accumulation phases.

🎨 Visual Behavior

To avoid clutter and maintain your chart theme:

Only candles that trigger a pattern are color-highlighted

All other candles remain unchanged in your default theme

Labels mark patterns clearly with concise signals like:
ID, NR4, NR7, IDNR4, IDNR7, 3TC, 3TC-LV, LVQ, LVY, LVE

This ensures clarity without overwhelming the chart.

🔔 Alerts Included

Alerts can be created for:

ID

NR4

NR7

IDNR4

IDNR7

LVQ / LVY / LVE

3TC

3TC-LV

Compression Combo Conditions

Perfect for scanning, automation, and watchlist workflow.

🧠 How Traders Use This

This indicator is not a buy/sell signal — it is a setup detector.

Common use cases:

Swing trading breakout anticipation

Momentum burst setups

Opening Range Breakout planning

Finding volatility contraction pivots (VCP-style)

Selecting high-potential watchlist candidates

Avoiding noisy charts while still tracking hidden compressions

Works across:

Stocks

Futures

Crypto

Forex

ETFs

Recommended timeframes: Daily and 4H, though lower timeframes also work for active traders.

🧭 Best Practice Workflow

Scan for IDNR7 / IDNR4 / 3TC-LV / NR7 / NR4

Confirm context:

Trend direction

Relative strength

Sector leadership

Plan triggers using:

Breakout levels

ORB levels

Trend continuation logic

Execute with discipline and position-sizing logic.

⚠️ Disclaimer

This tool is for analysis and research only.
It is not investment advice. Always combine signals with market structure, context, and risk management.

11 時間前

リリースノート

This indicator identifies some of the most actionable price and volume compression patterns used in breakout, swing, and ORB trading. These concepts originate from Toby Crabel’s volatility research and are widely applied by systematic traders and modern momentum frameworks (Minervini, O’Neil, StockBee, Qullamaggie, prop firms, and volatility-based strategies).

🔍 Patterns Detected

Price Compression Signals

3TC — Three Tight Candles (ATR-based micro squeeze)

3TC-LV — Three Tight Candles + Low-Volume confirmation

Inside Day (ID)

NR4 — Narrowest Range in last 4 bars

NR7 — Narrowest Range in last 7 bars

IDNR4 — Inside Day + NR4

IDNR7 — Inside Day + NR7 (high-quality compression)

Volume Exhaustion Signals

LVQ — Lowest Volume in Quarter

LVY — Lowest Volume in Year

LVE — Lowest Volume Ever on chart

When both price range tightness and falling volume appear together, the market is often entering a coil state — a precursor to volatility expansion.

🎯 Why These Matter

Markets move through recurring phases:

Compression → Expansion → Trend → Exhaustion → Compression.

These signals often appear just before:

✔ Breakouts
✔ Momentum bursts
✔ Trend continuation
✔ Failed breaks / mean-reversion traps
✔ Opening Range Breakouts (ORB)

They help traders anticipate where energy is building before the move becomes obvious.

🧠 How to Use

This is not a buy/sell indicator — it’s a setup recognition tool.

Common applications:

Swing trading and breakout anticipation

ORB strategy planning

Scanning for coiled stocks with strong R:R

Identifying volatility squeeze zones in trend structures

Building watchlists and narrowing universe filters

Best timeframes: Daily, 4H, 1H (works intraday if used for ORB).

🎨 Visual & Alert Design

Only pattern bars are colored — all others keep your chart theme.

Labels mark signals clearly (ID, NR4, NR7, IDNR4, IDNR7, 3TC, 3TC-LV, LVQ/LVY/LVE).

Alerts are available for every pattern, including micro-compression triggers.

Ideal for watchlists, automation, scanners, dashboards, and systematic workflow.

10 時間前

リリースノート

This indicator identifies high-probability volatility contraction patterns that often precede explosive price movement. These concepts originate from Toby Crabel’s volatility studies and are widely used by breakout and momentum traders including Mark Minervini, William O’Neil, Qullamaggie, StockBee, and prop-style ORB frameworks.

The goal:
👉 Spot price and volume compression before expansion — not after.

🔍 Included Price Signals

3TC — Three Tight Candles (ATR-based micro squeeze)

3TC-LV — 3TC + Low-Volume confirmation (institutional stealth accumulation)

Inside Day (ID)

NR4 — Narrowest Range in last 4 bars

NR7 — Narrowest Range in last 7 bars

IDNR4 — Inside Day + NR4 contraction

IDNR7 — Inside Day + NR7 contraction (premium signal)

These patterns reflect volatility drying up — a common precursor to momentum bursts or breakout continuation.

📊 Volume Exhaustion Signals

LVQ — Lowest Volume in Quarter

LVY — Lowest Volume in Year

LVE — Lowest Volume Ever (session minimum)

When range compression and volume contraction align, the market often enters a coil state — a powerful pre-breakout condition.

🔔 Alert System

This version includes two alert styles for the most important pattern (3TC):

Alert Type Purpose
3TC / 3TC-LV (Formation) Early detection: stock is tightening
3TC Breakout / 3TC-LV Breakout Confirmation: breakout through coil high

Breakout alerts are especially powerful for:

✔ Swing breakouts
✔ Opening Range Breakout (ORB)
✔ Momentum continuation entries
✔ Tight risk/reward setups

Alerts are also available for all other patterns.

🎨 Visual Behavior

Only pattern candles are highlighted — all others keep your chart theme.

Labels mark compression and volume signals cleanly (ID, NR4, NR7, 3TC, 3TC-LV, LVQ, LVY, LVE).

No visual clutter and no repainting.

🧠 Usage Guidance

This is not a buy/sell indicator — it’s a setup recognition tool.

Common uses:

Building watchlists of compressed setups

Identifying volatility contraction bases

Planning ORB entries

Timing breakout continuation trades

Detecting institutional accumulation footprints

Best timeframes: Daily, 4H, 1H, and intraday for ORB traders.

⚠️ Disclaimer

For analysis and strategy support only.
Use with market structure, trend context, and position sizing.
Not financial advice.