I think you're correct. This indicator i guess is supposed to pick out what they are seeing without indicators. Thought I would make it easier. I think they are also supposed to find hidden gaps. I think finding hidden gaps would be easier with an indicator...you know cuz it's hidden. If you make any headway on this please let me know...I would be interested to know what you find out.
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I do not use indicators but I'm not against someone that does use indicators. Also, I'm not a programmer or coder. I do appreciate other traders that are programmers and coders that are freely sharing their codes here at futures.io for others to use even though I myself do not use them because I prefer to be a discretionary trader using a rule base trade approach.
I've met traders out there that got the indicators correct based upon what I see in their charts. Yet, be very careful because I've also seen a lot of inaccurate junk out there of my price action concepts that do not work or gives inaccurate information along with being shared all over the internet...essentially giving me a bad reputation because people think in error that I'm the one designing the stuff. In addition, there's a few trolls out there intentionally posting some bad indicators out there.
Therefore, if you come across something and you're curios if its an accurate representation of my price action concepts...just send me a pm here at futures.io to ask me to review it for accuracy. You should be looking for something that identifies WRB intervals, WRB Hidden Gap intervals, contracting volatility intervals, highlighting unfilled WRB Zones, embeds KMEs on the charts and maybe does a count of Down WRB Hidden Gap intervals versus Up WRB Hidden Gap intervals.
Once again, I'm not against people designing indicators considering I've seen some very clever stuff beyond just indicators. I just wish these the programmers and coders would contact me and ask for help in ensuring the stuff is accurate via sharing their charts with me for review. By the way, I've seen proprietary automation systems by traders that have embedded WRB Analysis with their trade signal strategies. I've also seen statistical analysis of their systems. There's some smart folks out there that know how to convert objective rules into codes.
As a reminder, WRB Analysis is not a trade signal. Its purpose is for traders to use the price action concepts and merge it with their own trade signal strategies to see if it improves the performance of their own trade methods or traders can use WRB Analysis to design their own trade methods.
Last edited by wrbtrader; July 26th, 2016 at 12:49 AM.