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Gap Zones

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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.
Nota Keluaran
  • Simplified color settings
Nota Keluaran
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.

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.