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gbWRBHiddenGap

gbWRBHiddenGap, Ver 1.0, TraderGB, May, 27 2021

Description:
Wide Range Body/Bar (WRB) Hidden Gap indicator by M. A. Perry of TheStrategyLab.com (wrbtrader on Futures.io)

Note, WRB can stand for either "Wide Range Body" or "Wide Range Bar", but they are separate items:
* Wide Range Bar interval represents the price area between the High and Low...often called the range of the interval.
* Wide Range Body interval represents the price area between the Close and Open...often called the body of the interval.

Only a small percentage of WRB Hidden GAP intervals qualify as a WRB Zone.
Following the instructions in chapter 2 in the WRB Analysis Free Study Guide. -M.A. Perry

Parameters:
* Lookback: Number of bars to evaluate for wide-ness (default = 3, Range: 3 to 20 max)
* WRBType: Look for wide-ness based on: body range, bar range, or both body and bar range (default = Body)
* GapType: If a hidden gap is found, draw rectangle around: BarRange, BodyRange, or GapRange (Default = GapRange)

From Chapter 1 of the Tutorial:
WRB Analysis is an analysis of changes in volatility and supply/demand. Simply, WRB helps traders to understand and exploit changes in volatility as a way to identify key price areas where there has been an important change in supply/demand between buyers and sellers prior to the appearance of any trade signals. Thus, WRB Analysis is primarily designed to improve the understanding of the price action prior to the appearance of any trade signal and improve the performance of a trade signal strategy. In addition, WRB Analysis is not a trade signal and it must be embedded (merged) within a trade signal strategy if you want to improve the performance of your trade signal strategies.

Included sound files for alerts (place in NT sound folder):
HiddenGapUp.wav
HiddenGapDown.wav

Notes:
* Version 1.0 of this indicator is based off chapters 1-3. I don't have the advanced section of this tutorial and any additional items from there are not included.

References:
* WRB Analysis Tutorials, M. A. Perry, 2014, chapters 1-3 (free download at TheStrategyLab.com).
* There are also chapters 4-12 which are for sale at TheStrategyLab.com (advanced section of tutorial).

Category NinjaTrader 8 Indicators and More

Details: gbWRBHiddenGap
Category: NinjaTrader 8 Indicators and More

May 27th, 2021
Size: 126.59 KB
Downloaded: 625 times

Comments/ratings

tcwairoa May 28th, 2021 04:44 AM

Nice work GB, as always.

Zenersev May 28th, 2021 09:43 AM

Great work!

Do you accept suggestions about new indicator ideas?

bobc635 May 28th, 2021 12:04 PM

Thanks GB.... This was really popular on NT7 and you have done a nice job of implementing on 8....

Buscador June 14th, 2021 02:20 PM

Many thanks

prutrader June 15th, 2021 03:25 PM

Excellent !!! Thanks

ValLiant July 1st, 2021 12:41 AM

top notch

trendisyourfriend July 25th, 2021 12:05 PM

No Comment

zoomie December 19th, 2022 09:05 AM

No Comment

sunshnpeg January 17th, 2023 05:39 PM

Thanks!

Shivaya March 8th, 2023 07:22 PM

This looks same as Fair Value Gap FVG... Excellent

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