Summary of "📍 Hidden Gap WRB Indicator for MT4/5 – Free – [TradingFinder]"
The video presents the Hidden Gap WRB Indicator for MetaTrader 4 and 5, available for free download on the TradingFinder website. This indicator helps traders identify hidden price gaps on charts, which represent imbalances between supply and demand and serve as potential zones for trade entries, price reactions, or trend reversals.
Main Features and Financial Strategies:
- Identification of Hidden Gaps: The indicator automatically detects and draws Hidden Gaps on price charts, highlighting areas that can act as hidden support or resistance.
- Multi-Time Frame Analysis: Users can select the timeframe for gap analysis, ranging from 1 minute to 1 month, and enable multi-time frame settings to view gaps across different timeframes.
- Calculation Settings:
- Option to calculate based on closed candles or ongoing candles.
- Set the calculation start point by defining how many candles back the indicator should analyze.
- Pattern recognition periods can be adjusted.
- Alerts System: Multiple alert options notify traders when:
- Price enters a hidden gap from below or above.
- New Hidden Gaps or WRBs (Wide Range Bars) are detected.
- Hidden Gaps are filled (price closes within the gap).
- Alerts can be displayed on-screen, sent via email, or pushed as mobile notifications (email setup required).
- Customization:
- Color settings allow customization of bullish and bearish Hidden Gaps based on whether the price has reached or closed within the gap.
- Arrow styles and histogram line styles can be modified for better visual analysis.
- Option to choose whether gap boxes are filled or hollow.
Market Analysis and Usage:
- Hidden Gaps serve as dynamic support or resistance levels.
- Price reactions to these gaps can indicate potential reversals or continuation of trends.
- When a price breaks a hidden gap level, its role can reverse (support becomes resistance or vice versa).
- Traders can use these signals to make informed entry and exit decisions.
Step-by-Step Guide to Using the Indicator:
- Download the indicator file for MT4 or MT5 from the TradingFinder website.
- Load the indicator onto the chart via the Navigator section by dragging it onto the desired chart.
- Configure input settings:
- Select timeframe and multi-time frame options.
- Choose calculation preferences (closed candles, start candle, pattern recognition).
- Enable or disable alerts according to trading needs.
- Customize colors and visual elements to improve chart readability.
- Monitor alerts and price reactions to Hidden Gaps for trading signals.
- Use the indicator as part of a broader trading strategy focusing on supply-demand imbalances and price action.
Presenter/Source:
TradingFinder (no individual presenter named)
Category
Business and Finance
