How do I install this Indicator on MetaTrader 5?

Download the file, open MetaTrader 5 -> File -> Open Data Folder, copy the file to the correct folder (Experts / Indicators / Scripts / Libraries), then restart the terminal.

How do I activate / load this Indicator?

Drag the Indicator from the Navigator onto your chart and adjust the input parameters as needed.

Is this compatible with MetaTrader 5?

Yes, this Indicator is built specifically for MetaTrader 5.

Is this Indicator safe to use with real money?

All tools are provided for educational and testing purposes. We strongly recommend testing on a demo account first. Trading involves significant risk of loss.

Can I use this Indicator on multiple charts?

Yes, you can apply multiple indicators on the same chart.

Can I customize the settings of this Indicator?

Yes. Right-click on the chart and select properties to open and adjust parameters.

Free WRB Indicator Indicator for MetaTrader 5

MetaTrader 5 indicator

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WRB Indicator

Info

The WRB Indicator is a Indicator for MetaTrader 5 that this indicator identifies and marks wide range bars (wrbs) or wide range bodies. Since WRBs alone are not particularly useful, the indicator also identifies hidden gaps based on these bars.

Usage

This tool is typically used for enhancing chart analysis and decision making.

Platform

This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).

Setup

Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.

How to Install and Use WRB Indicator

1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.

2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.

3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.

4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.

Frequently Asked Questions

Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."

Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).

Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.

What this tool does

This indicator identifies and marks Wide Range Bars (WRBs) or Wide Range Bodies.

Typical Use Case

This Indicator excels in automated trading and technical analysis on MetaTrader 5.

Compatible Platform & Setup

This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.

Description & Settings

Related: Trading Session Boxes Indicator for MT4/MT5 - another powerful indicator for MetaTrader 5 traders.

This indicator identifies and marks Wide Range Bars (WRBs) or Wide Range Bodies. Since WRBs alone are not particularly useful, the indicator also identifies hidden gaps based on these bars. It visually distinguishes between filled and unfilled hidden gaps, providing a quick overview of the current market situation.

Also recommended: ICT Kill Zones Indicator: Asian, London, New York in New York Time (2026) - similar indicator with strong performance on MetaTrader 5.

Input Parameters:

- UseWholeBars: By default, it is set to false. If set to true, the indicator searches for wide range bars instead of wide range bodies.

- WRB_LookbackBarCount: Default value is 3. This parameter determines the number of bars to compare for identifying WRBs. A higher value results in rarer and more significant WRBs.

- WRB_WingdingsSymbol: Default code is 115, representing a small rhombus symbol to designate WRBs.

- HGColor1: Default color is clrDodgerBlue, used for hidden gap rectangles.

- HGColor2: Default color is clrBlue, used as an alternative color for hidden gap rectangles.

- HGStyle: Default style is style_solid for drawing hidden gap rectangles.

- StartCalculationFromBar: Default value is 100, indicating the number of bars in chart history to analyze for marking WRBs and hidden gaps.

- HollowBoxes: By default, it is set to false. If set to true, hidden gap rectangles will be displayed without filling.

- DoAlerts: By default, it is set to false. Setting it to true enables notifications when the price enters a hidden gap area.

You may also like: Spread Monitor Indicator for MetaTrader 5 - excellent alternative for indicator users on MetaTrader 5.

Source Code

#property copyright "robotfx"
#property link "https://robotfx.org"
#property version   "1.01"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property description "this code is educational. feel free to use, modify and upgrade as you wish. visit robotfx.org for professional trading tools"
#property indicator_chart_window
#property indicator_plots   1
#property indicator_buffers 1

.......

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⚠ Limitations & Risk Warning

This tool is provided for educational and testing purposes only.
Past performance does not guarantee future results.
Trading involves substantial risk of loss. Use on a demo account first.
Results may vary depending on market conditions, broker, and settings.
We recommend thorough backtesting and forward testing before using with real funds.