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Board index » Price Action Trading Free Resources » WRB Analysis Tutorial Chapters 1, 2 and 3 Study Guide (Questions, Answers & DOKs)

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CharlesS
 Post subject: DOK Chapter 01
PostPosted: Mon Jul 06, 2015 6:45 pm 
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Joined: Tue Jun 30, 2015 3:44 am
Posts: 3
This DOK commentary is for the chart attached to this message.

3 Kinds of Price Bars are annotated in the chart, and are defined as:

Wide-Range Body (WRB)
An interval that has a body (difference between Open and Close) with a price area larger than the bodies of each of the prior three intervals (each interval individually compared to the WRB).


Wide-Range Body Hidden Gap
A WRB for which the immediately surrounding bars do not share any common prices.


Wide Range Body Normal Gap
Like a WRB Hidden Gap, except that the gap is the price area between yesterday’s price action close and today’s price action open.


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TheStrategyLab.DOK.Chapter 01.Chart.CharlesS.tiff
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CharlesS
 Post subject: Re: DOK Chapter 01
PostPosted: Tue Jul 07, 2015 12:50 am 
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Some of the previously identified Normal Gaps do not satisfy the no-overlap condition -- these are now identified as WRBs that do not have gaps.


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File comment: v2 of the same chart.
TheStrategyLab.DOK.Chapter 01.Chart.v2.CharlesS.tiff
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wrbtrader
 Post subject: Re: DOK Chapter 01
PostPosted: Wed Jul 15, 2015 9:11 am 
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Joined: Sat Jan 10, 2009 2:06 pm
Posts: 4336
Location: Canada
CharlesS wrote:
Some of the previously identified Normal Gaps do not satisfy the no-overlap condition -- these are now identified as WRBs that do not have gaps.


Hi,

Thanks for the DOK and self correction.

Regards,
M.A. Perry
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CharlesS
 Post subject: Re: DOK Chapter 01
PostPosted: Thu Jul 16, 2015 12:28 am 
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Posts: 3
Thank you, M.A. I expect to post the other 2 DOKs in the next week.

Regards, Charles
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Board index » Price Action Trading Free Resources » WRB Analysis Tutorial Chapters 1, 2 and 3 Study Guide (Questions, Answers & DOKs)

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