NR7 Keltner Squeeze NSE Screener: Setup & Strategy
Discover how to combine the NR7 pattern with the Keltner Squeeze to build a powerful NSE volatility screener. This guide covers indicator thresholds, entry checklist, and practical steps to spot breakout candidates.
Strategy Guide — Evergreen guide for NSE traders. For educational purposes only, not financial advice.
The NR7 Keltner squeeze nse screener combines two powerful volatility-based setups: the narrowest range of the last 7 days (NR7) and the Keltner Squeeze. When both conditions align, they signal an impending breakout from a period of extreme compression. For a broader approach to screening, see our volatility squeeze breakout guide.
Why Combine NR7 and Keltner Squeeze?
Volatility compression is a classic precursor to explosive moves. The NR7 pattern identifies the tightest 7-day range, while the Keltner Squeeze confirms that Bollinger Bands are inside the Keltner Channels, indicating a volatility contraction. Together, they filter out false signals and highlight stocks on the verge of a significant breakout. For more on momentum screening, check our momentum screening guide.
This dual confirmation reduces noise and increases the probability of catching strong directional moves. For example, a stock like RELIANCE showing both NR7 and a Keltner Squeeze on the daily chart often precedes a 5-10% move within a week. It is particularly effective in range-bound markets where volatility is low.
When NR7 and Keltner Squeeze align, the stock is primed for a breakout. The key is to wait for a volume spike above the 20-day average to confirm the direction.
How to Set Up the NR7 Keltner Squeeze Screener
Avoid stocks with earnings announcements in the next 5 days — the squeeze can break either way, and news-driven moves are unreliable.
Key Indicator Thresholds for NR7 Keltner Squeeze
| Indicator | Threshold | Signal | Why It Matters |
|---|---|---|---|
| NR7 Pattern | Today's range < lowest range of last 7 days | ✅ Bullish | Identifies extreme compression — the tightest 7-day range. |
| Keltner Squeeze | Bollinger Bands (20,2) inside Keltner Channels (20,1.5) | ✅ Bullish | Confirms volatility contraction — bands are narrower than channels. |
| Volume Spike | Volume > 1.5x 20-day average | ⚡ Watch | Confirms breakout is backed by strong participation. |
| RSI (14) | RSI between 40 and 60 | ❌ Bearish | Avoid if RSI > 70 (overbought) or < 30 (oversold) — squeeze may fail. |
A common mistake is entering before the breakout. Wait for a confirmed close above the squeeze high with volume — false breakouts are common in low-volatility conditions.
Try It on QUANTSCASE
Use our dedicated screeners to find NR7 and Keltner Squeeze candidates in real-time. Start with the NR7 Compression Screener to filter stocks showing the tightest range.
Start screening NSE stocks for NR7 and Keltner Squeeze patterns
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Screen 1,800+ NSE StocksThis guide is for educational purposes only and does not constitute financial advice. Always do your own research before trading.
