Understanding the 5 Minute Wide Range Bar Alert

The wide range bar (WRB) alert tells you when the range of the bar is much greater than the average bar. This alert is available on a 2, 5, or 15 minute chart.

Default Settings

By default, the 5 Minute Wide Range Bar alert appears when the range of the bar is much greater than the average bar on a 5 minute chart.

Custom Settings

For '5 Minute Wide Range Bar' alerts, you have the option to use an alert specific filter. This filter is located immediately to the right of the corresponding alert and is always optional. You can decide to leave it blank if you want to receive more alerts, or you can fill it in to restrict the number of alerts you receive. This filter allows you to specify the quality of the alert. When you set a higher number for this filter, you are telling the alerts server to display only alerts that meet a higher quality standard, resulting in fewer alerts being shown.

When setting an alert for '5 Minute Wide Range Bar', the user can filter this by the size of the last bar. This is measured in dollars.

Description Column

The description column will give you more details on this alert.

Quality Column

The quality value on a scan using the '5 Minute Wide Range Bar' alert represents the range of the wide bar in dollars.