Traders Laboratory - View Single Post - Wide Range Bodies or 'big' candles
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Old 03-23-2007, 01:06 PM
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Re: Wide Range Bodies or 'big' candles

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Question for Mark, Pivot and others using WRB's - how do you define what a WRB is? I've read a few things the last few days and some say purely a visual thing and others have a defined formula.
One of those things that's going to be different strokes for different folks, but where the Open-Close range is no less than say 95% of the High-Low range. That would do it for me.

({[(H-L) - ABS(O-C)] / (H-L)}*100) <= (100-95) {or whatever your preferred percentage is}.

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