Efficiency Gaps

٨ مارس ٢٠٢٣

Paints inefficient candles ( where candles on both sides of a candle don't meet in the middle. )
Average True Range period and multiplier from 0.01 to 1 can be used to filter out small gaps.

Price is likely to return to these areas and they are possible support / resistance levels.
Combine with volume profile to detect low volume areas.