IMUGENE CHART. TA only, page-28191

current state of play- if we end the here.

Inside Day NR4 Trade Setup​

INSIDE DAY NR4 (ID/NR4) TRADE SETUP
Toby Crabel did some serious work on volatility patterns in price movement. The Inside Day/NR4 (ID/NR4) is one of the patterns he wrote in “Day Trading with Short Term Price Patterns and Opening Range Breakout“.
An inside day is one with a lower high and higher low than the previous bar. NR4 is a bar with the narrowest range among the last 4 bars.
Hence, ID/NR4 is an objective criterion for identifying days of decreased range and volatility.
Once an ID/NR4 is found, we trade the breakout as volatility resumes.

TRADING RULES FOR ID/NR4
RULES FOR LONG
1. An inside bar with the smallest range among the last 4 bars.
2. Place buy stop order above the high of the bar.
3. Wait for break-out to trigger order.