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
Build Your Volatility Screener Now
Screen 1,800+ NSE StocksThis guide is for educational purposes only and does not constitute financial advice. Always do your own research before trading.
For informational and educational purposes only. Not investment advice. QUANTSCASE is a stock screener, not a SEBI-registered investment adviser, research analyst, or portfolio manager. Terms