NRBB5
▲ Bullish
Streaming Alert (Scanner)
5 Minute Narrow Range Buy Bar Alert (NRBB5)
Find stocks printing a narrow range buy bar candle on the 5-minute chart in real time with Trade Ideas Streaming Alerts (Scanner). A narrow range buy bar is three or more green bars followed by a bar smaller than 25% of the average range of the past 5 bars. This alert checks 5 minute candles.
Candle patterns as they form.
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Streaming Alerts push each 5 Minute Narrow Range Buy Bar alert the moment the 5 minute candle closes.
How Trade Ideas finds it: by default, the 5 minute narrow range buy bar alert appears when there is a narrow range buy bar pattern on a traditional 5 minute candlestick chart. See Trade Ideas plans and pricing to run it live.
How the 5 Minute Narrow Range Buy Bar alert works
A narrow range buy bar is defined as follows: Three green bars (close above open) or more followed by a bar that is smaller (from high to low) than 25% of the average range of the past 5 bars. Special thanks to Oliver Velez of Velez Capital Management for sharing this scan with us.
Default settings
By default, the 5 minute narrow range buy bar alert appears when there is a narrow range buy bar pattern on a traditional 5 minute candlestick chart.
Custom settings
Settings
For '5 Minute Narrow Range Buy Bar' alerts, you have the option to use an alert specific filter. This filter is located immediately to the right of the corresponding alert and is always optional. You can decide to leave it blank if you want to receive more alerts, or you can fill it in to restrict the number of alerts you receive. This filter allows you to specify the quality of the alert. When you set a higher number for this filter, you are telling the alerts server to display only alerts that meet a higher quality standard, resulting in fewer alerts being shown.
When setting an alert for '5 Minute Narrow Range Buy Bar', the user can filter these alerts by a grade of how on how closely the stock chart matches the ideal shape of the stock pattern. 0 would mean there was no match. 100 would mean it's an ideal match.
What the alert shows you
The description of the alert will give a more comprehensive breakdown of the alert.
Key point
The quality value on a scan using the "5 Minute Narrow Range Buy Bar" represents the grade based on how closely the stock chart matches the ideal shape of the stock pattern. 0% would mean that there was no match at all. Of course, if a stock pattern is this poor a match, then we are unlikely to report an alert. 100% would be an ideal match. Again, this would be an ideal and extreme case. Few if any alerts come close to 100%.
Related alerts
Filters to pair with the 5 Minute Narrow Range Buy Bar alert
Categories
FAQ
Which stocks are forming a narrow range buy bar candle on the 5 minute chart right now?
Turn on the 5 Minute Narrow Range Buy Bar alert (NRBB5) in Trade Ideas Streaming Alerts. By default, the 5 minute narrow range buy bar alert appears when there is a narrow range buy bar pattern on a traditional 5 minute candlestick chart.
What is the 5 Minute Narrow Range Buy Bar alert?
A narrow range buy bar is three or more green bars followed by a bar smaller than 25% of the average range of the past 5 bars. This alert checks 5 minute candles.
How do I see fewer, higher-quality 5 Minute Narrow Range Buy Bar alerts?
Use the optional alert-specific filter immediately to the right of the alert. A higher number tells the alerts server to show only higher-quality alerts, so fewer appear. Leave it blank to see more.