"Wide Range Body" displays candles having body size larger than the body of the previous three candles (configurable).
The indicator displays three types of WRB:
- N of consecutive bullish candles
- N of consecutive bearish candles
- N of consecutive candles of any direction
The indicator has one customizable parameter:
- Range - candle range (default is 3)
The sequence of N bullish candles is displayed by a green signal label on the Low price of the WRB candle
The sequence of N bearish candles is displayed by a red signal label on the High price of the WRB candle
The sequence of N oppositely directed candles is displayed by a blue signal label on the Low price of the WRB candle
The sequence of N oppositely directed candles is displayed by an orange signal label on the High price of the WRB candle