WRBHG with visual gap block

Credit to AkifTokuz

I would like to give the credit to AkifTokuz, I built this indicator based on AkifTokuz's WRBHD indicator code.

What is added?

I have added the visual block to show the hidden gap (HG). The visual dovetailed the full range of the hidden gap. The size of the block give you a good idea on the strength of the hidden gap, namely a bigger block, a stronger support/resisdence encoutnered. I have also added the direction color code to the indicator, Green block is bull hidden gap and red block is bear hidden gap.

How to use the indicator?

Refer to the chart.

After a hidden gap appear, it has to be tested before placing a trade. Say if a green block appear, the price action tell some bullish traders want to move up the price by creating the price up thrust, however whether those traders are strong enought to continue or whether the market would agree that movement, it has to be tested.

The Test - if the hidden gap can withhold the retracement without being broken, it passed the test and order can be placed accordingly.

Hopes you find this indicator useful and my help you to develop a good winning strategy.


本著真正的TradingView精神,該腳本的作者將其開源發布,以便交易者可以理解和驗證它。為作者喝彩吧!您可以免費使用它,但在出版物中重複使用此代碼受網站規則的約束。 您可以收藏它以在圖表上使用。