🔵 Introduction 🟣 Understanding ICT Opening Gaps In the realm of technical analysis, mastering the art of recognizing market behavior and pinpointing key price levels is vital for making sound trading decisions. Among the array of tools available, the concept of opening gaps stands out for its ability to provide crucial insights. The ICT (Inner Circle Trader)...
The indicator draws a box between the closing price of one candle and the opening price of the next whenever a gap occurs, helping traders easily spot potential areas of interest where the market has skipped over price levels. The boxes do not extend beyond the gap itself, keeping the chart clean and focused on the price action. Features: Detects both upward and...
Script Description: Combined Bitcoin CME Gaps and Weekend Days Author: NeoButane (Bitcoin CME Gaps), JohnIsTrading (Day of Week), Contributor : MikeTheRuleTA (Combined and optimizations) This Pine Script indicator provides a combined view of Bitcoin CME gaps and customizable weekend day backgrounds on your chart. It’s designed to help traders visualize CME gaps...
Hello traders 👋 This indicator "SPX Mapped Gaps" detects gaps from the SPX (or the trader's choice of index/asset) and plots them for the asset on your chart! Features Selectable comparison symbol Gaps from the selected symbol (SPX by default) are plotted for the asset on your chart - serving as potential support/resistance levels! Closest gaps from...
b]🇬🇧 ENGLISH The "Gap Percentage Highlighter" script is a useful tool for traders who want to visually highlight and analyze price gaps on their charts. Features: Identification of Price Gaps (Gaps): The script automatically highlights candles where the opening price significantly differs from the previous day's closing price. Percentage Display of the Gap: The...
Library "lib_session_gaps" simple lib to calculate the gaps between sessions time_gap() calculates the time gap between this and previous session (in case of irregular end of previous session, considering extended sessions) Returns: the time gap between this and previous session in ms (time - time_close ) bar_gap() calculates the bars missing...
Name: LumleyTrading Gaps Description: The Gap Tracker Indicator is a powerful tool designed for traders to identify, monitor, and capitalize on price gaps in financial markets. It serves two primary functions: Identifying Gaps: The indicator scans price action to detect instances where the current trading session's opening price significantly differs from the...
What This Indicator Does This indicator shows you where the 'Gaps' are in the market ( as defined by this indicator ). The indicator draws a box that extends indefinitely to the right, this is the 'Gap'. This box will be 'Filled In' when price comes back and overlaps the box. A Gap As Defined By This Indicator A candle creates a 'Gap' in the area...
This script identifies price pivots, volume spikes (more than twice of 20 SMA vol) & gaps (both up & down)
See inside candles based on user-input LTF setting: get data on 'Directionality' of your candle; Gaps (total and Sum; UP and DOWN); Number of Bull or Bear constituent candles //Features: -DIRECTIONALITY: compare length of the 'zig-zag' random walk of lower time frame constituent candles, to the full height of the current candle. Resulting % I refer to as...
An inverted fair value gap (FVG) occurs when candles start closing below a bullish FVG or above a bearish FVG and in this case, support FVGs become resistances and vice versa. This is a smart money concept introduced by ICT. While we a number of have indicators for FVGs, we don't have any for inversion FVGs. This indicator is just for that - it shows FVGs only...
This script is our version of the "Fair Value Gap". A Fair Value Gap is nothing more than a series of 3 candles with a gap between a candle high/low and a candle high/low two candles prior. For example: A Gap Up - the Low of a candle is higher than the High of two candles back. A Gap Down - the High of a candle is lower than the Low of two candles...
Hello! This script "Gaps" is a continuation and improvement on a subset indicator included in the "Quartile Volume; Volume Aggregation; US Range Bars; Gaps)" script! As advised by @thebearfib, the "Gaps" indicator is now standalone! Features Stat: Avg. Bars to Fill Up Gap Stat: Avg. Bars to Fill Down Gap Stat: Cumulative Up Gap % Increase Stat:...
-Shows the gap between 4pm close and 9:30am open; the Regular trading hours Vs Electronic trading hours Gap (RTH vs ETH). -Displays this as a box starting at 9:30am, whose bottom is the 9:30am open; top is previous day's 4pm close. -Displays when chart is toggled to either of ETH or RTH. -Useful reminder of area above/below opening bell price that price often has...
Use this indicator on Daily Timeframe This script calculates the overnight gaps above a specific threshold (that can be set through input parameters) and displays the data in a tabular form with Year in the rows and the day of the week in the columns. Also a summary row is displayed at the bottom for day of the week. Detailed Gap info is displayed as tooltip for...
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...
This strategy is based on the gaps theory. In this case we have the BTC futures from CME, which acts in a way similar to stocks, and we can have gaps present between close/open session, and also sometimes between same candle due to huge movements intra candle. At the same time I have combined this with a daily moving average, to help out a bit with the trend,...
This script plots close-open cumulative from the beginning of the chart. It is made for use on equities with overnight sessions to view the intraday performance vs the candlestick chart.