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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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norbert
 Post subject: DOK for chapter 1
PostPosted: Fri Aug 22, 2014 10:25 am 
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Joined: Wed Aug 20, 2014 10:09 pm
Posts: 7
A WRB is a wide range body where todays body range (abs(o-c)) is bigger than any of the three previous intervals range.
A WRB becomes a hidden gap when there is no overlap in prices between the interval preceeding the WRB and the interval immediately after the WRB. So basically if you delete the WRB bar it looks like there is a gap with no overlaps between highs and lows of the two bars.


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wrbtrader
 Post subject: Re: DOK for chapter 1
PostPosted: Fri Aug 22, 2014 11:58 am 
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Joined: Sat Jan 10, 2009 2:06 pm
Posts: 4336
Location: Canada
Hi,

Excellent DOK chart and description ...straight to the point involving tutorial chapter 1.

Regards,
M.A. Perry

norbert wrote:
A WRB is a wide range body where todays body range (abs(o-c)) is bigger than any of the three previous intervals range.
A WRB becomes a hidden gap when there is no overlap in prices between the interval preceeding the WRB and the interval immediately after the WRB. So basically if you delete the WRB bar it looks like there is a gap with no overlaps between highs and lows of the two bars.
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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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