Gap Zones

Sharing a simple gap zone identifier, simply detects gap up/down areas and plots them for visual reference. Calculation uses new candle open compared to previous candle close and draws the zone, a mid point is plotted also as far too often it's significance is proven effective.

Works on any timeframe and market though I recommend utilizing timeframes such as weekly or daily for viewing at lower timeframes such as 5, 15 or 30 minutes.

Often price is observed reaching towards zone high/mid/low before rejection/bouncing. These gap zones can give quantitative basis for trade management.

Future features may include alerts based on price crossing up/down gap low, mid and highs. Feel free to message with any other suggestions.

Note di rilascio

Simplified color settings

Note di rilascio

Big update for gap zone users for the final weeks of 2024 :)

Adjustments:

Code rewrite to support multiple timeframes
Cross timeframe overlap detection
Better label placement

It shouldn't be necessary to run multiple instances of this indicator to see day, week and month gaps simultaneously and now if on a Monday there's a new week and day gap it'll just print the week gap given the daily gap would be exact same size.

Script open-source

Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.

TradeSeekers

@tradeseekers (YouTube, Twitter)

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Script open-source

TradeSeekers

@tradeseekers (YouTube, Twitter)

Anche su: