Price action traders often look for hidden market structures that are not immediately visible on a standard chart. One such structure is the Hidden Gap, which can reveal important support, resistance, and pivot zones.
The WRB Hidden Gap Indicator for MT4 & MT5 is designed to automatically detect Wide Range Bars (WRB) or Wide Range Bodies and identify the Hidden Gaps formed by them. By visually marking both filled and unfilled Hidden Gaps, this indicator helps traders quickly assess market conditions and potential reaction zones.
The indicator is available for both MetaTrader 4 and MetaTrader 5 platforms.
What Is a WRB Hidden Gap?
A WRB (Wide Range Bar) is a price bar or candlestick whose range or body is significantly larger than surrounding candles. On their own, WRBs provide limited information. However, when analyzed correctly, they can reveal Hidden Gaps—price areas where market imbalance occurred without forming a traditional visible gap.
Hidden Gaps often behave like:
- Support and resistance zones
- Price reaction levels
- Pivot or consolidation areas
The WRB Hidden Gap Indicator automatically detects and visualizes these zones on the chart.
How the WRB Hidden Gap Indicator Works
- The indicator scans historical price data to identify WRBs based on user-defined parameters.
- Once a WRB is detected, it calculates whether a Hidden Gap exists within the price structure.
- Hidden Gaps are drawn as colored rectangles directly on the chart.
- Unfilled Hidden Gaps extend to the right side of the chart, making them easy to spot.
- Filled Hidden Gaps are displayed differently so traders can instantly distinguish current market relevance.
Optional alerts notify the trader when price enters an unfilled Hidden Gap.
Indicator Features
- Automatic detection of Wide Range Bars or Wide Range Bodies
- Clear visualization of Hidden Gaps on the chart
- Different colors for overlapping or intersecting Hidden Gaps
- Optional filled or hollow gap rectangles
- Alert system when price enters a Hidden Gap
- Works on all instruments and timeframes
- Compatible with MT4 and MT5
Input Parameters Explained
- UseWholeBars (default: false)
If enabled, the indicator searches for Wide Range Bars instead of Wide Range Bodies. - WRB_LookBackBarCount (default: 3)
Number of bars used for WRB comparison. Higher values result in fewer but stronger WRBs. - WRB_WingDingsSymbol (default: 115)
Symbol used to mark WRBs on the chart (default: diamond). - HGcolor1 / HGcolor2
Colors used to draw Hidden Gap rectangles. - HGstyle
Line style for Hidden Gap rectangles. - StartCalculationFromBar (default: 100)
Number of historical bars used in calculations. - HollowBoxes (default: false)
If enabled, Hidden Gap rectangles are drawn hollow instead of filled. - EnableNativeAlerts
Enables MetaTrader popup alerts when price enters a Hidden Gap. - EnableEmailAlerts
Sends email notifications (email must be configured in MetaTrader). - EnablePushAlerts
Sends push notifications to the MetaTrader mobile app. - ObjectPrefix (default: "HG_")
Prefix for chart objects to ensure compatibility with other indicators.
How to Use the WRB Hidden Gap Indicator
This indicator does not generate direct buy or sell signals. Instead, it provides valuable price action context that enhances other trading strategies.
Common use cases include:
- Identifying support and resistance zones
- Confirming entry signals from other indicators
- Setting take-profit or stop-loss levels
- Analyzing market imbalance and price reaction zones
For example:
- If a trading signal appears inside a Hidden Gap, it can be considered stronger.
- The opposite edge of a Hidden Gap can be used as a profit target.
- Hidden Gaps can also act as stop-loss zones when trades are opened outside them.
Example Strategy Concept
- Identify an unfilled Hidden Gap.
- Wait for your primary strategy to generate a trade signal near or inside the gap.
- Use the Hidden Gap boundaries as confirmation, targets, or risk management levels.
Hidden Gaps behave similarly to traditional price gaps and often attract future price action.
Installation Guide
Installation for MT4
- Download the indicator files.
- Open MetaTrader 4.
- Go to File → Open Data Folder.
- Open the MQL4 folder.
- Copy the indicator files into the folder.
- Restart MT4 or refresh the Navigator panel.
Installation for MT5
- Download the indicator files.
- Open MetaTrader 5.
- Go to File → Open Data Folder.
- Open the MQL5 folder.
- Copy the indicator files into the folder.
- Restart MT5 or refresh the Navigator panel.
Conclusion
The WRB Hidden Gap Indicator for MT4 & MT5 is a powerful price action analysis tool that reveals hidden market structures often missed by traditional indicators. By combining WRB detection with Hidden Gap visualization, it helps traders better understand market behavior, identify key reaction zones, and improve trade decision-making.
Used correctly alongside a solid trading strategy, this indicator can significantly enhance market analysis and risk management.
| WRB Hidden Gap | MT4 |
| WRB Hidden Gap | MT5 |
Password:forexsignalpro.net