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Gap

Weekly Opening GAPThis indicator will plot the weekly opening gap on the chart. The gap will be carried forward until it is closed or the max line count is reached. Additionally the 1/4 levels inside the gap are plotted on the chart as weekly gaps can be large. The weekly opening gap levels can act as targets and rejection points. Optionally the script can also carry forward the top and bottom lines of the weekly opening gap for up to the 10 prior gaps. These lines are not removed when the gap is closed.
Pine Script™ indicator
by aaronmefford
5
Gaps + Imbalances + Wicks (MTF) - By LeviathanThis script will identify and draw price gaps, wicks and imbalances with customizable fill conditions, multi-timeframe function, zone size filtering, volume comparison, lookback filtering, as well as highly customizable appearance and settings. I’ve made this indicator to combine the three similar but different elements that occur in price movements and serve as significant zones of interest or way of PA interpretation in various different strategies. Imbalances (or Fair Value Gap/FVG/Inefficiency/whatever) - The Imbalance “pattern” consists of 3 candles (1- candle before the sharp move, 2 - sharp move candle and 3- candle after the sharp move). When price makes a move downwards, the imbalance zone is defined as the area between the low of 1 and the high of 3 When price makes a move upwards, the imbalance zone is defined as the area between the high of 1 and the low of 3. Gaps A price gap is an area on a chart where no trading activity has taken place. A gap up means that the low of the current candle is higher than the high of the previous candle and a gap down means that the high of the current candle is lower than the low of the previous candle. Wicks (or shadows/tails/whatever) Wicks are used to indicate where the price has fluctuated relative to the opening and closing price of the candle. An upper wick is the zone between candle high and candle close/open (whichever is higher) and a lower wick is the zone between candle’s low and candle’s close/open (whichever is lower). Settings Overview “Zone Type” - This input lets you decide which zones should the script plot and on which timeframe. You should always pick a timeframe higher than your chat’s. “Middle Line, Top Line, Bottom Line” - Show or hide the Middle Line (horizontal level in the middle of each zone), Show or hide Top Line (horizontal level at the top of the zone), Show or hide Bottom Line (horizontal level at the bottom of the zone) “UP/DOWN Zones" - This input lets you show/hide UP Zones or DOWN Zones an pick their color, border color and label color. ”Fill Condition” - If turned ON, the zones will end drawing when your prefered Fill Condition is met (Full Filll = price mitigates the whole zone, Half Fill = zone is at least halfway mitigated and Touch = zone is touched by price). If turned OFF, the zones will only be plotted for the amount of bars defined it “Zone Length”. ”Lookback (D)” - This input lets you limit the amount of zones plotted on the chart by choosing how many days back in time should the script go to find and plot zones. For example, input 1 will only show you the zones of the past day, input 7 will only show you the zones of the past week. ”Hide Filled Zones” - If turned ON, the zones that have been filled will be removed from the chart. ”Show Boxes” - Show or hide the boxes that represent the zones. This is useful for those who want the zones to be visualized by just lines. “Filter Type” - this input lets you create a filter that will make the script only show zones that are larger than ATR or larger than a certain percentage. You can choose the ATR Length and the multiplier (higher multiplier → larger zone required), as well as the Percentage (%) and its multiplier (higher percentage → larger zone required). If you choose “None”, the zones of all sizes will be plotted. ”Zone Labels” - this part of the settings lets you: show/hide labels, decide on the size of the labels and their positions, choose a custom name for each zone, choose the data that the labels present (Type of the zone/Timeframe/ Volume ). ”Other settings” - ‘Stop/Delete zone after X number of candles’ will force stop/delete the zone if it’s plotted for more than prefered number of bars. ‘Line Style’ lets you choose the style and the color of the lines, ‘Zone Length’ defines the length of the zone if Fill Condition is “None”. More settings, modifications and improvements coming in future updates. This script is a bit old so I will clean up and optimize the code once I have more time.
Pine Script™ indicator
by LeviathanCapital
48
Extension %This is a tracking tool to measure two different kinds of distances: - Gaps, from the open/close or the high/low value to the nearest open/close or high/low value. - Price extensions of one or two candles from a preferred starting point (open, high, low or close) to a final point (open, high, low or close). The two-candles mode includes an optional rectangle to help you visualize the first and the last point of the measurement. The script will plot a label with a percentage when the extension reaches the value you set. Unless you choose to track the one-candle price extension, the label will always be displayed on the high/low value of the second candle.
Pine Script™ indicator
by valpatrad
ICT - GAPs and Volume Imbalance GAPs Gaps are areas on chart where the price have moved sharply up or down, with no trading in between. Gaps often fill, but they don't have to. Volume Imbalance Volume imbalance - determined using 2 candles Bullish Volume Imbalance - area between the close of 1st candle and the open of 2nd candle Bearish Volume Imbalance - area between the close of 1st candle and the open of 2nd candle How to use the indicator:- When you find imbalance in volume or a GAP in the chart, you may expect price to rebalance it before continuation. Importantly, GAPs/Imbalances do not always fill. Traders should never assume that a gap/imbalance will fill without understanding the reasons for the gap and monitoring trading activity around the gap. Pair it with your current bias for better results.
Pine Script™ indicator
by Vulnerable_human_x
148
Gap ZonesSharing 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.
Pine Script™ indicator
by syntaxgeek
7
[FrizLabz]FVG Bar For those of you that like to keep your charts nice and tidy for your Technical Analysis! FVG = Fair Value Gap Fair Value Gaps are when impulse movements create an imbalance in price leaving unfilled orders.. they are popular because after one is created we often observe price return to fill these unfilled orders 3 candles make a FVG When the high/low of most recent candle is lower/high than the low/high of the bar before last Similar to my other FVG indicator but this one allows you to delete Filled FVGs and have them adjust when filled Uses a line whose x1 and x2 are on the FVG bar and adjust the size of the FVG with line width because line width on line.new()s doesnt have a cap on line width like plot()s do Not much too it I made this because a few people were asking if they could delete the FVG after it was Mitigated and since my other uses plots it wasnt possible so I hope this works for those who were asking about it hope you enjoy please let me know if you have an idea or find a bug, Thank You! -
Pine Script™ indicator
by FFriZz
5
NSDT Gap FinderThis script plots gaps between candles. It uses the "round_to_mintick" feature in the Pinescript code, so it works on any instrument out to 3 decimal places. If there is a Gap Up (open of current candle is greater than the close of previous candle) it will plot a green arrow under the current candle and plot a label above the current candle to show the Gap Amount. If there is a Gap Down (open of current candle is less than the close of previous candle) it will plot a red arrow over the current candle and plot a label below the current candle to show the Gap Amount. You can turn the label and/or the arrow on and off. I created this indicator to more easily identify gaps in the market. The probability of a gap being filled is extremely high. Some are right away (intraday candle to candle), some take a while (gap from previous day close to current day open), and some make take a long time (close at end of previous week to open at beginning of current week). This is published free to use and open source code. Please see my other similar Gap Indicators. Daily Gap Range USA Session - Previous Day Close Gap to Current Day Open
Pine Script™ indicator
by NorthStarDayTrading
3
SUPERTREND MIXED ICHI-DMI-DONCHIAN-VOL-GAP-HLBox@RLSUPERTREND MIXED ICHI-DMI-VOL-GAP-HLBox@RL by RegisL76 (lebourg.regis@free.fr) This script is based on several trend indicators. * ICHIMOKU (KINKO HYO) * DMI (Directional Movement Index) * SUPERTREND ICHIMOKU + SUPERTREND DMI * DONCHIAN CANAL Optimized with Colored Bars * HMA Hull * Fair Value GAP * VOLUME/ MA Volume * PRICE / MA Price * HHLL BOXES All these indications are visible simultaneously on a single graph. A data table summarizes all the important information to make a good trade decision. ICHIMOKU Indicator: The ICHIMOKU indicator is visualized in the traditional way. ICHIMOKU standard setting values are respected but modifiable. (Traditional defaults = . An oriented visual symbol, near the last value, indicates the progression (Ascending, Descending or neutral) of the TENKAN-SEN and the KIJUN-SEN as well as the period used. The CLOUD (KUMO) and the CHIKOU-SPAN are present and are essential for the complete analysis of the ICHIMOKU. At the top of the graph are visually represented the crossings of the TENKAN and the KIJUN. Vertical lines, accompanied by labels, make it possible to quickly visualize the particularities of the ICHIMOKU. A line displays the current bar. A line visualizes the end of the CLOUD (KUMO) which is shifted 25 bars into the future. A line visualizes the end of the chikou-span, which is shifted 25 bars in the past. DIRECTIONAL MOVEMENT INDEX (DMI) : Treated conventionally : DI+, DI-, ADX and associated with a SUPERTREND DMI. A visual symbol at the bottom of the graph indicates DI+ and DI- crossings A line of oriented and colored symbols (DMI Line) at the top of the chart indicates the direction and strength of the trend. SUPERTREND ICHIMOKU + SUPERTREND DMI : Trend following by SUPERTREND calculation. DONCHIAN CHANNEL: Treated conventionally. (And optimized by colored bars when overshooting either up or down. The lines, high and low of the last values of the channel are represented to quickly visualize the level of the RANGE. SUPERTREND HMA (HULL) Treated conventionally. The HMA line visually indicates, according to color and direction, the market trend. A visual symbol at the bottom of the chart indicates opportunities to sell and buy. VOLUME: Calculation of the MOBILE AVERAGE of the volume with comparison of the volume compared to the moving average of the volume. The indications are colored and commented according to the comparison. PRICE: Calculation of the MOBILE AVERAGE of the price with comparison of the price compared to the moving average of the price. The indications are colored and commented according to the comparison. HHLL BOXES: Visualizes in the form of a box, for a given period, the max high and min low values of the price. The configuration allows taking into account the high and low wicks of the price or the opening and closing values. FAIR VALUE GAP : This indicator displays 'GAP' levels over the current time period and an optional higher time period. The script takes into account the high/low values of the current bar and compares with the 2 previous bars. The "gap" is generated from the lack of overlap between these bars. Bearish or bullish gaps are determined by whether the gap is above or below HmaPrice, as they tend to fill, and can be used as targets. NOTE: FAIR VALUE GAP has no values displayed in the table and/or label. Important information (DATA) relating to each indicator is displayed in real time in a table and/or a label. Each information is commented and colored according to direction, value, comparison etc. Each piece of information indicates the values of the current bar and the previous value (in "FULL" mode). The other possible modes for viewing the table and/or the label allow a more synthetic view of the information ("CONDENSED" and "MINIMAL" modes). In order not to overload the vision of the chart too much, the visualization box of the RANGE DONCHIAN, the vertical lines of the shifted marks of the ICHIMOKU, as well as the boxes of the HHLL Boxes indicator are only visualized intermittently (managed by an adjustable time delay ). The "HISTORICAL INFO READING" configuration parameter set to zero (by default) makes it possible to read all the information of the current bar in progress (Bar #0). All other values allow to read the information of a historical bar. The value 1 reads the information of the bar preceding the current bar (-1). The value 10 makes it possible to read the information of the tenth bar behind (-10) compared to the current bar, etc. At the bottom of the DATAS table and label, lights, red, green or white indicate quickly summarize the trend from the various indicators. Each light represents the number of indicators with the same trend at a given time. Green for a bullish trend, red for a bearish trend and white for a neutral trend. The conditions for determining a trend are for each indicator: SUPERTREND ICHIMOHU + DMI: the 2 Super trends together are either bullish or bearish. Otherwise the signal is neutral. DMI: 2 main conditions: BULLISH if DI+ >= DI- and ADX >25. BEARISH if DI+ < DI- and ADX >25. NEUTRAL if the 2 conditions are not met. ICHIMOKU: 3 main conditions: BULLISH if PRICE above the cloud and TENKAN > KIJUN and GREEN CLOUD AHEAD. BEARISH if PRICE below the cloud and TENKAN < KIJUN and RED CLOUD AHEAD. The other additional conditions (Data) complete the analysis and are present for informational purposes of the trend and depend on the context. DONCHIAN CHANNEL: 1 main condition: BULLISH: the price has crossed above the HIGH DC line. BEARISH: the price has gone below the LOW DC line. NEUTRAL if the price is between the HIGH DC and LOW DC lines The 2 other complementary conditions (Datas) complete the analysis: HIGH DC and LOW DC are increasing, falling or stable. SUPERTREND HMA HULL: The script determines several trend levels: STRONG BUY, BUY, STRONG SELL, SELL AND NEUTRAL. VOLUME: 3 trend levels: VOLUME > MOVING AVERAGE, VOLUME < MOVING AVERAGE, VOLUME = MOVING AVERAGE. PRICE: 3 trend levels: PRICE > MOVING AVERAGE, PRICE < MOVING AVERAGE, PRICE = MOVING AVERAGE. If you are using this indicator/strategy and you are satisfied with the results, you can possibly make a donation (a coffee, a pizza or more...) via paypal to: lebourg.regis@free.fr. Thanks in advance !!! Have good winning Trades. ************************************************************************************************************************** SUPERTREND MIXED ICHI-DMI-VOL-GAP-HLBox@RL by RegisL76 (lebourg.regis@free.fr) Ce script est basé sur plusieurs indicateurs de tendance. * ICHIMOKU (KINKO HYO) * DMI (Directional Movement Index) * SUPERTREND ICHIMOKU + SUPERTREND DMI * DONCHIAN CANAL Optimized with Colored Bars * HMA Hull * Fair Value GAP * VOLUME/ MA Volume * PRIX / MA Prix * HHLL BOXES Toutes ces indications sont visibles simultanément sur un seul et même graphique. Un tableau de données récapitule toutes les informations importantes pour prendre une bonne décision de Trade. I- Indicateur ICHIMOKU : L’indicateur ICHIMOKU est visualisé de manière traditionnelle Les valeurs de réglage standard ICHIMOKU sont respectées mais modifiables. (Valeurs traditionnelles par défaut = Un symbole visuel orienté, à proximité de la dernière valeur, indique la progression (Montant, Descendant ou neutre) de la TENKAN-SEN et de la KIJUN-SEN ainsi que la période utilisée. Le NUAGE (KUMO) et la CHIKOU-SPAN sont bien présents et sont primordiaux pour l'analyse complète de l'ICHIMOKU. En haut du graphique sont représentés visuellement les croisements de la TENKAN et de la KIJUN. Des lignes verticales, accompagnées d'étiquettes, permettent de visualiser rapidement les particularités de l'ICHIMOKU. Une ligne visualise la barre en cours. Une ligne visualise l'extrémité du NUAGE (KUMO) qui est décalé de 25 barres dans le futur. Une ligne visualise l'extrémité de la chikou-span, qui est décalée de 25 barres dans le passé. II-DIRECTIONAL MOVEMENT INDEX (DMI) Traité de manière conventionnelle : DI+, DI-, ADX et associé à un SUPERTREND DMI Un symbole visuel en bas du graphique indique les croisements DI+ et DI- Une ligne de symboles orientés et colorés (DMI Line) en haut du graphique, indique la direction et la puissance de la tendance. III SUPERTREND ICHIMOKU + SUPERTREND DMI Suivi de tendance par calcul SUPERTREND IV- DONCHIAN CANAL : Traité de manière conventionnelle. (Et optimisé par des barres colorées en cas de dépassement soit vers le haut, soit vers le bas. Les lignes, haute et basse des dernières valeurs du canal sont représentées pour visualiser rapidement la fourchette du RANGE. V- SUPERTREND HMA (HULL) Traité de manière conventionnelle. La ligne HMA indique visuellement, selon la couleur et l'orientation, la tendance du marché. Un symbole visuel en bas du graphique indique les opportunités de vente et d'achat. *VI VOLUME : Calcul de la MOYENNE MOBILE du volume avec comparaison du volume par rapport à la moyenne mobile du volume. Les indications sont colorées et commentées en fonction de la comparaison. *VII PRIX : Calcul de la MOYENNE MOBILE du prix avec comparaison du prix par rapport à la moyenne mobile du prix. Les indications sont colorées et commentées en fonction de la comparaison. *VIII HHLL BOXES : Visualise sous forme de boite, pour une période donnée, les valeurs max hautes et min basses du prix. La configuration permet de prendre en compte les mèches hautes et basses du prix ou bien les valeurs d'ouverture et de fermeture. IX - FAIR VALUE GAP Cet indicateur affiche les niveaux de 'GAP' sur la période temporelle actuelle ET une période temporelle facultative supérieure. Le script prend en compte les valeurs haut/bas de la barre actuelle et compare avec les 2 barres précédentes. Le "gap" est généré à partir du manque de recouvrement entre ces barres. Les écarts baissiers ou haussiers sont déterminés selon que l'écart est supérieurs ou inférieur à HmaPrice, car ils ont tendance à être comblés, et peuvent être utilisés comme cibles. NOTA : FAIR VALUE GAP n'a pas de valeurs affichées dans la table et/ou l'étiquette. Les informations importantes (DATAS) relatives à chaque indicateur sont visualisées en temps réel dans une table et/ou une étiquette. Chaque information est commentée et colorée en fonction de la direction, de la valeur, de la comparaison etc. Chaque information indique la valeurs de la barre en cours et la valeur précédente ( en mode "COMPLET"). Les autres modes possibles pour visualiser la table et/ou l'étiquette, permettent une vue plus synthétique des informations (modes "CONDENSÉ" et "MINIMAL"). Afin de ne pas trop surcharger la vision du graphique, la boite de visualisation du RANGE DONCHIAN, les lignes verticales des marques décalées de l'ICHIMOKU, ainsi que les boites de l'indicateur HHLL Boxes ne sont visualisées que de manière intermittente (géré par une temporisation réglable ). Le paramètre de configuration "HISTORICAL INFO READING" réglé sur zéro (par défaut) permet de lire toutes les informations de la barre actuelle en cours (Barre #0). Toutes autres valeurs permet de lire les informations d'une barre historique. La valeur 1 permet de lire les informations de la barre précédant la barre en cours (-1). La valeur 10 permet de lire les information de la dixième barre en arrière (-10) par rapport à la barre en cours, etc. Dans le bas de la table et de l'étiquette de DATAS, des voyants, rouge, vert ou blanc indique de manière rapide la synthèse de la tendance issue des différents indicateurs. Chaque voyant représente le nombre d'indicateur ayant la même tendance à un instant donné. Vert pour une tendance Bullish, rouge pour une tendance Bearish et blanc pour une tendance neutre. Les conditions pour déterminer une tendance sont pour chaque indicateur : SUPERTREND ICHIMOHU + DMI : les 2 Super trends sont ensemble soit bullish soit Bearish. Sinon le signal est neutre. DMI : 2 conditions principales : BULLISH si DI+ >= DI- et ADX >25. BEARISH si DI+ < DI- et ADX >25. NEUTRE si les 2 conditions ne sont pas remplies. ICHIMOKU : 3 conditions principales : BULLISH si PRIX au dessus du nuage et TENKAN > KIJUN et NUAGE VERT DEVANT. BEARISH si PRIX en dessous du nuage et TENKAN < KIJUN et NUAGE ROUGE DEVANT. Les autres conditions complémentaires (Datas) complètent l'analyse et sont présents à titre informatif de la tendance et dépendent du contexte. CANAL DONCHIAN : 1 condition principale : BULLISH : le prix est passé au dessus de la ligne HIGH DC. BEARISH : le prix est passé au dessous de la ligne LOW DC. NEUTRE si le prix se situe entre les lignes HIGH DC et LOW DC Les 2 autres conditions complémentaires (Datas) complètent l'analyse : HIGH DC et LOW DC sont croissants, descendants ou stables. SUPERTREND HMA HULL : Le script détermine plusieurs niveaux de tendance : STRONG BUY, BUY, STRONG SELL, SELL ET NEUTRE. VOLUME : 3 niveaux de tendance : VOLUME > MOYENNE MOBILE, VOLUME < MOYENNE MOBILE, VOLUME = MOYENNE MOBILE. PRIX : 3 niveaux de tendance : PRIX > MOYENNE MOBILE, PRIX < MOYENNE MOBILE, PRIX = MOYENNE MOBILE. Si vous utilisez cet indicateur/ stratégie et que vous êtes satisfait des résultats, vous pouvez éventuellement me faire un don (un café, une pizza ou plus ...) via paypal à : lebourg.regis@free.fr. Merci d'avance !!! Ayez de bons Trades gagnants.
Pine Script™ indicator
by RegisL76
1
Oxy CandlestickOxymoronic (oxy) candlesticks often appear at significant levels in a chart and can indicate increased probabilities of directional moves. Typically, green candles are hollow and red candles are filled. An oxymoronic candle is colored bullishly but filled bearishly (solid green) or vice versa (hollow red). Oxy flags occur when: 1) Price gaps up and closes lower than the open but above the last close. A solid green (or black) candle is bearish. 2) Price gaps down and closes higher than the open but below the last close. A hollow red candle is bullish. An oxy candle indicates one of three things: 1) Price is going up (bullish oxy) 2) Price is going down (bearish oxy) 3) Price will return to this level (either) #1 and #2 are the default meaning. If those don't play out then look for #3. As is the case with most indicators, it is best not to use this indicator in isolation, but to combine it with other forms of analysis to increase your probabilities and to identify significant levels.
Pine Script™ indicator
by SkyHighTA
muh gap! [FAIR VALUE GAP FINDER]Change the colors of the indicator to contrast your chart! Make sure to also change the transparency for the colors. --- This indicator finds fair value gaps which are inefficiencies in price delivery. Gaps can be used for entry or even bias. I've included midpoints, lines, and boxes. Boxes have the greatest range with respect to historic PA so keep that in mind. I will be updating this script in the future, potentially adding an MTF function, mitigation of gaps and alarms. Let me know if you guys have any additional ideas. Best, P
Pine Script™ indicator
by pompiht
6
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.
Pine Script™ indicator
by DojiEmoji
2
Gap Absorption StrategyLike the nature, markets don't like the void, and this is something we can take advantage of by trading gaps on some markets. This technique is well known, so I wanted to write a tiny script based on this strategy to get a bit more comfortable with it. IMPORTANT: Default parameters wont give you good trades on every markets, you need to modify these parameters to see which proportions correspond to the stock you're trading. This script triggers signals on predefined variation of a stock price after a gap, and allows its user to configure TP and SL prices corresponding to a specific percentage of this gap movement. Note: We can observe that opening gaps are often the most interesting. Options Trigger: the price variation you want to trigger on (in % of the price) Stop Loss : in % of the gap Take profit : in % of the gap A small table is displayed in the top right corner of the chart to give you TP/SL/Signal prices for each opportunity SL (red line) and TP (green line) are also displayed on the chart when a signal is triggered Information concerning the current opportunity is given at the bottom of the chart Note: This script is based on the Gap-Size-Indicator that I published a few weeks ago.
Pine Script™ strategy
by noop-noop
4
VolatilityLibrary "Volatility" Functions for determining if volatility (true range) is within or exceeds normal. The "True Range" (ta.tr) is used for measuring volatility. Values are normalized by the volume adjusted weighted moving average (VAWMA) to be more like percent moves than price. current(len) Returns the current price adjusted volatitlity ratio.   Parameters:      len : Number of bars to get a volume adjusted weighted average price. normal(len, maxDeviation, level, gapDays, spec, res) Returns the normal upper range of volatility. Compensates for overnight gaps within a regular session.   Parameters:      len : Number of bars to measure volatility.      maxDeviation : The limit of volatility before considered an outlier.      level : The amount of standard deviation after cleaning outliers to be considered within normal.      gapDays : The number of days in the past to measure overnight gap volaility.      spec : session.regular (default), session.extended or other time spec.      res : The resolution (default = '1440'). isNormal(len, maxDeviation, level, gapDays, spec, res) Returns true if the volatility (true range) is within normal levels. Compensates for overnight gaps within a regular session.   Parameters:      len : Number of bars to measure volatility.      maxDeviation : The limit of volatility before considered an outlier.      level : The amount of standard deviation after cleaning outliers to be considered within normal.      gapDays : The number of days in the past to measure overnight gap volaility.      spec : session.regular (default), session.extended or other time spec.      res : The resolution (default = '1440'). severity(len, maxDeviation, level, gapDays, spec, res) Returns ratio of the current value to the normal value. Compensates for overnight gaps within a regular session.   Parameters:      len : Number of bars to measure volatility.      maxDeviation : The limit of volatility before considered an outlier.      level : The amount of standard deviation after cleaning outliers to be considered within normal.      gapDays : The number of days in the past to measure overnight gap volaility.      spec : session.regular (default), session.extended or other time spec.      res : The resolution (default = '1440').
Pine Script™ library
by Electrified
GSI (Gap Size Indicator)The purpose of this indicator is to give a quick view of a gap size between two candles, and to detect any gap bigger than the trigger setting. Options Mode: Select the display mode (% or Value) Variation Trigger: Defines the minimum gap size to give a signal, for both positive and negative sides. This option depends on the Mode setting Show trigger lines: Enable/Disable the display of the Variation Trigger setting lines Color signals only: When enabled, bars crossing the trigger value are still colored, but other are gray Show signals only: When enabled, will only show bars corresponding to gaps crossing the trigger value Notes Basic alerts on Bullish , Bearish and All gaps are available. Feel free to suggest any improvement.
Pine Script™ indicator
by noop-noop
2