This indicator plots an up arrow for bullish gaps and a down arrow for bearish gaps.
It also can plot a cross for a closed gap or hide it.
The trader can select the minimum gap size in points. Gaps less than minimum size are ignored.
- Min gap size in points: Minimum number of points for valid gaps
- Check for closed gaps: Enable/Disable history check for closed gaps
- Max history bars for closed gaps: Max number of history bars to check for closed gaps
- Hide closed gaps: Hide/Show closed gaps
- Show Alerts: Show alert messages of new gaps and closed gaps
Example showing both open and closed gaps
- New open gaps can be used as an entry filter in the same direction of the gap.
- Old open gaps can be used as targets for opposite direction trades.