Simple Gap Indicator

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The Simple Gap Indicator is a powerful tool designed to detect and visualize price gaps in the market, helping traders identify key levels of support and resistance. Whether you're analyzing gap-up or gap-down scenarios, this indicator provides clear visual cues to enhance your trading decisions.

Key Features:
Gap Detection: Automatically identifies gap-up and gap-down events based on user-defined sensitivity.

Customizable Display Styles: Choose between lines or boxes to represent gaps visually, depending on your preference.

Extend Options: Control how far the lines or boxes extend on the chart (None, Right, Left, Both).

User-Friendly Inputs: Adjust the number of bars to examine and sensitivity to gap size for precise customization.

Dynamic Visualization:

Gap-Up Events: Highlighted in green for easy identification of bullish gaps.

Gap-Down Events: Highlighted in red for bearish gaps.

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ملاحظات الأخبار

This TradingView script identifies and visualizes price gaps that occur between consecutive bars, providing traders with a powerful tool to track potential market shifts. It highlights gap-ups and gap-downs where the price difference between two consecutive bars exceeds a user-defined threshold, offering an insightful view into market behavior.

Key Features:
Gap Detection: Automatically detects gap-up and gap-down situations by comparing the high and low values of consecutive bars from a custom timeframe.
Gap Sensitivity: Adjust the sensitivity level to determine the minimum size of a gap that should be considered significant. This allows for fine-tuning the detection based on market conditions and asset volatility.
Custom Timeframe Support: Users can define a separate timeframe for gap calculation, helping to identify gaps on different timeframes than the chart itself.
Visual Customization: Choose between two display styles—Lines or Boxes—to represent gaps. Customize gap colors (green for gap-ups, red for gap-downs) to suit your charting preferences.
Extend Option: Extend the gap display to the right, left, or both sides, or choose not to extend for a more compact chart.
Timeframe Mismatch Notification: The script alerts you if the gap's timeframe differs from the chart's timeframe, helping you understand the context of the gaps more clearly.

Ideal For:
Traders looking to spot price gaps on the chart and monitor if they are filled or remain unclosed.
Those who trade around gap-based strategies such as gap-filling or breakout strategies.
Users who prefer fine-tuning the sensitivity and display style of gap indicators.
This script is designed to be a reliable and flexible tool for gap traders, allowing for better gap analysis and a clearer visualization of key market movements.

قبل ١٤ ساعة

ملاحظات الأخبار

Bug Fix
Fixed an issue with color in box mode. The gap boxes now correctly display color as intended, improving visibility of underlying chart elements.

Additional Notes
No changes were made to the line display mode or other functionalities of the indicator.

Users are encouraged to update to this version for the best visual representation of gaps in box mode.