DojiEmoji

Indicator: Gap Finder [KL]


About gaps:
A gap is a “jump” in a security’s price between the Open and the Prior Close. Gaps are very common in stocks during opening hours, especially when accompanied by catalysts.

What this indicator does:
This script will identify gaps that remained unfilled for at least one candle.

It is very common for gaps to be filled on the first candle, these gaps are arguably less meaningful, so they are ignored by the indicator to reduce the number of lines drawn.

Applications:
Since most gaps eventually get filled, the question is a matter of when. If going with the trend, a trader will open a long/short position when seeing an up/down gap. When going against the trend, then short/long the stock on up/down gaps and consider taking profits when price returns to where the gap originally occurred.

Originally intended for 1D timeframes, but gaps can occur in all timeframes. Applications are limitless.
Catatan Pelepasan: Set overlay=true
Catatan Pelepasan: UpdateS:
  • Added adjustable threshold (%) in settings. Gaps with distances below this benchmark will not be plotted.
Catatan Pelepasan: Refactored, and added alerts.
Catatan Pelepasan: Removing lines associated with filled gaps, only showing unfilled gaps.
Catatan Pelepasan: Updated UI for settings.

🚀 This channel is partnered with Eightcap
https://join.eightcap.com/visit/?bta=37874&brand=eightcap

🚀 With Eightcap, you can trade over 1,000 symbols via TradingView, MT4, & MT5

🧠 Also, be sure to check out
http://consulting.kevinhhl.com
Skrip sumber terbuka

Dalam semangat TradingView yang sebenar, penulis skrip ini telah menerbitkannya dengan menggunakan sumber terbuka supaya pedagang-pedagang dapat memahami dan mengesahkannya. Sorakan kepada penulis! Anda dapat menggunakannya secara percuma tetapi penggunaan semula kod ini dalam penerbitan adalah dikawalselia oleh Peraturan Dalaman. Anda boleh menyukainya untuk menggunakannya pada carta.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.

Ingin menggunakan skrip ini pada carta?