Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

ChnDragun

What is WRB?

Recommended Posts

The term WRB means Wide Range Body. The body is the distance from the open to the close of the bar/candle.

 

Many have incorporated WRBs into VSA but it is not technically a part of VSA, as VSA does not look a the open. There is a small thread in the VSA section on WRBs take a look. For more complete info go to eliterader and do a search.

Share this post


Link to post
Share on other sites

I believe it is a Wide Range Bar. In VSA, the S stands for Spread, which is high - low. Analyzing the spread of the bar is very significant depending on the volume and the location of the bar relative to previous S/R areas.

 

A WRB usually means that the market makers were involved. That's why if you see high volume on a WRB you should become vigilant of what happens next. If it is an upbar, it could mean that the market makers are unloading their positions and price will soon start to drop, you would need to look for weakness in the background and no demand bars, up-thrusts or top reversal to appear before shorting. However, it the WRB pierced through a previous area of resistance, it could mean strength, you would want to look for a test or low volume narrow spread downbars before price resumes the upmove.

 

That is just one example of the role wide range bars play in VSA.

Share this post


Link to post
Share on other sites
I believe it is a Wide Range Bar. In VSA, the S stands for Spread, which is high - low. Analyzing the spread of the bar is very significant depending on the volume and the location of the bar relative to previous S/R areas.

 

A WRB usually means that the market makers were involved. That's why if you see high volume on a WRB you should become vigilant of what happens next. If it is an upbar, it could mean that the market makers are unloading their positions and price will soon start to drop, you would need to look for weakness in the background and no demand bars, up-thrusts or top reversal to appear before shorting. However, it the WRB pierced through a previous area of resistance, it could mean strength, you would want to look for a test or low volume narrow spread downbars before price resumes the upmove.

 

That is just one example of the role wide range bars play in VSA.

 

this post is one of the good answer!

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.