Paints inefficient candles ( where candles on both sides of a candle don't meet in the middle. ) Average True Range period and multiplier from 0.01 to 1 can be used to filter out small gaps.
Price is likely to return to these areas and they are possible support / resistance levels. Combine with volume profile to detect low volume areas.
Hi bro, very nice indicator. Can i asked something? Would it be very difficult to adapt this indicator in order to see simultaneously multi frame efficiency gaps? I mean, for example, having the chart in m5 and at the same time had the chance to see the efficiencies in h1 and daily, for example. This would be amazing. Please let me know, thanks in advance
BobBasic
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@santiagopenas, Haven't figured out how to make the higher time frames to show. Got lower time frames to work, but that is not as useful.
I mean, for example, having the chart in m5 and at the same time had the chance to see the efficiencies in h1 and daily, for example. This would be amazing. Please let me know, thanks in advance