GSI (Gap Size Indicator)The purpose of this indicator is to give a quick view of a gap size between two candles, and to detect any gap bigger than the trigger setting.
Options
Mode: Select the display mode (% or Value)
Variation Trigger: Defines the minimum gap size to give a signal, for both positive and negative sides. This option depends on the Mode setting
Show trigger lines: Enable/Disable the display of the Variation Trigger setting lines
Color signals only: When enabled, bars crossing the trigger value are still colored, but other are gray
Show signals only: When enabled, will only show bars corresponding to gaps crossing the trigger value
Notes
Basic alerts on Bullish , Bearish and All gaps are available.
Feel free to suggest any improvement.
GSI
G-SIRPG-SIRP Has been Developed with One Idea in Mind... Automated Trading.
Just set it up and walk away.
It makes use of the noise cancelling power of our Re engineered Renko Candles on Traditional Settings.
Using Normal Code on Normal Renko will NOT work as the Candles will repaint thereby causing a Skewed backtest result.
This is Why G-SIRP is one of a kind as we have managed to find a solution to a Problem using Pine that is not currently available in any documentation on Pine.
We have incorporated Alot of Logic into the script to allow you to ride a trend successfully that includes a Trailing Stop Loss So that you are making sure that profit is being locked in.
