Overview of the WRB-Hidden-Gap Indicator
The WRB-Hidden-Gap indicator identifies Wide Range Bars (WRBs) and highlights hidden gap zones that represent potential supply and demand imbalances. These zones are visually marked as horizontal areas on the chart, helping traders detect levels where price is likely to react in the future.
This tool is useful for traders who use price action or institutional trading concepts. The highlighted gaps often act as support or resistance levels where orders have been left unfilled. When price returns to these areas, it can show strong reactions, making them useful for entries or exits.
How to Use It in Practice
In trading, the WRB-Hidden-Gap indicator can be used to:
- Identify hidden imbalance zones that may act as support or resistance.
- Confirm breakout strength by checking if WRBs form during strong moves.
- Wait for price to retest a hidden gap before entering a trade.
- Combine with trend or volume indicators to validate strong momentum areas.
It’s effective for both intraday and swing trading, especially when analyzing market structure and order flow behavior.
Parameter Explanations
UseWholeBars
Determines whether the full candle range or only the body should be used for WRB calculations.
WRB_LookBackBarCount
Sets how many previous bars to compare when identifying a Wide Range Bar.
WRB_WingDingsSymbol
Defines the Wingdings symbol code used to mark WRBs on the chart.
HGcolor1
Sets the primary color for the hidden gap zone display.
HGcolor2
Sets the secondary color used for the hidden gap visualization.
HGstyle
Defines the fill style of the hidden gap area (e.g., solid or outlined).
StartCalculationFromBar
Specifies how many bars back the indicator starts calculating from, useful for performance optimization.
HollowBoxes
Enables or disables hollow box-style gap zones instead of filled ones.
DoAlerts
Activates alerts when a new WRB or hidden gap is detected on the chart.
