Gap Detector [MS]This indicator helps traders identify and visualize price gaps in market data. When price movements create gaps between trading sessions or periods, the script highlights these areas with colored clouds and markers.
Key Features:
Automatically detects price gaps based on a customizable gap percentage threshold
Visualizes gaps using color-coded clouds (green when price moves upward, red for downward price action)
Places small triangle markers at gap locations for easy identification of gaps, and if many happen close together
Shows gray clouds when price is within the last gap
Use it For:
Watching for gap-fills
Gap support/resistance levels
Trading gap breakouts
...and more
How it Works:
The script compares each bar's opening price with the previous bar's closing price. A gap is identified when the opening price is significantly different from the previous close (beyond the user-defined gap percentage). The gap area is then marked with a colored cloud:
Green clouds: Show gaps where price jumped higher
Red clouds: Show gaps where price dropped lower
Gray clouds: Indicate price action within the gap
Settings:
Gap %: Controls the minimum price difference required to identify a gap (default 0.01 or 1%)
This indicator can help traders:
Identify potential support/resistance levels at gap areas
Monitor gap-filling scenarios
Spot significant price movements between trading sessions
The script is designed to work across all timeframes and markets.
Gapdown
Precise Gap FinderPrecise Gap Finder
This indicator identifies Fair Value Gaps (FVGs) in price action and it is perfect for traders looking to exploit price imbalances and capitalize on trading opportunities.
How It Works:
The Precise Gap Finder detects Fair Value Gaps by analyzing three consecutive candles. A gap is identified when the middle candle’s price range (open to close) is not overlapped by the high and low prices of the surrounding candles. This indicates a price imbalance, which can be a strong signal for potential market moves.
How to Use for Trading:
Identify Entry Points: Use the highlighted Fair Value Gaps to spot potential entry points. An upward FVG can indicate a potential buying opportunity, while a downward FVG can signal a potential selling opportunity.
Confirm Trends: Combine the FVG signals with other technical indicators to confirm trends and enhance the accuracy of your trades.
Risk Management: Use FVGs to identify potential stop-loss and take-profit levels. Gaps can serve as natural support and resistance levels.
Backtesting: Analyze historical data to understand how FVGs have impacted price movements in the past, helping you refine your trading strategy
Gap Finder (Arpan)This indicator highlights gaps on the chart where the price between two bars changes without any trades happening between them. It'll highlight gaps created during "Gap Up" or "Gap Down". This indicator has been developed to highlight mainly smaller gaps created on lower time frames though it displays gaps on any time frame. This script also has the option to disable "Opening Gaps" so that we can easily see only smaller gaps on the charts. Gaps are highlighted with colored boxes. Users can change length, border color and background color of those boxes. Set "Opacity" to zero in settings if you don't want to see borders or background colors. Users are welcomed to share their suggestions or bugs in the script
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
Gap Stats v2This helpful analysis tool displays a table of days a stock has gapped, how much it gapped by and what percentage of the gap was covered.
It is meant to be used on the daily timeframe and can help you distinguish if gaps are going to be filled or not. I like to use it mainly on medium + cap stocks
that have gapped overnight or pre-market and see what the tendency is with how it behaves after a major gap.
Leg/Base & GAP CandlesThis script, redraws the Minute, Hourly, Daily, Weekly, Monthly candles for gap up and gap down situation. Also this candle marks the LEG candles and BASE Candles with different colors to mark the supply and demand zone.
This script is only for Indian NSE markets (09:15 to 15:30) for GAP up/GAP down redraw.
This script is most beneficial for TradeLegend students.
This script is originally made by me, and no code has been modified or copied from anywhere else except Pinescript documentation.
Gap FinderThis indicator finds gaps based on User specified input % threshold in the indicator settings. Histogram plot shows gaps as vertical lines for easy detection. Enjoy!
BITCOIN CME FUTURES GAPSDisplays information about Bitcoin CME Futures Gaps over BTCUSD (or XBTUSD) charts.
You can configure a threshold percentage to only display gaps whose size is greater than that percentage. The gap precentage is calculated based on the current close price.
Gaps up are displayed in Orange, gaps down in Green
GapAnalysisI am a new Trading View user. I am trying to gain some reputation so that I can start contributing more to the community and start learning more. Therefore I have written this very simple pine script that simply adds a label to the first bar of the day if there is a gap between 2% and 8% or a gap between -2* and -8%.
Questions:
1) Lots of missing candlesticks e.g. at 16:30 and 08:00 meaning the candlestick may not of truely gapped up or down. Why are there missing bars? Is it because I have the free version? Are there any missing candlesticks on the paid for version?
2) Does the Gap filter always look at the first bar of the day and compare it to the last bar the previous day? (assuming you select 1d above the filters).
3) How does the Gap filter work if you select 1w above the filters?
4) The filter columns save for me, however the filter values do not. For example, if I select the Gap filter and select the values 'between 2% and 6%', then the column is saved but the values are not. Is this correct?
Bollinger Band Open Gap Alert V1This is the bare bones of what I'm trying to achieve through pine script. The purpose of the script is to:
1. On a 15m chart, calculate and plot upper & lower Bollinger bands and simple moving average of 20 periods. (DONE)
2. On a new day, when the first 15m candle of a session forms, I want to check if a) the low of the new candle is outside the upper Bollinger band (also known as an open gap up) or b) if the high of the candle is the outside the lower Bollinger band (also known as open gap down). In other words, I want to know if the Bollinger Bands are not touching the new candle's wicks/shadows. (DONE)
3. Alert me if the above happens. (DONE)
4. Run the indicator through an entire watch list. I'm not sure if that's possible, yet. (HELP)
For the above job, this is what I could come up with. I need guidance for the last step . And any suggestions for corrections or improvements would be greatly appreciated!
Gap LineGAP LINE:
Plots the cumulative line of gaps to see extremes in psychology.
Plenty of Gap-UP's where the Open is higher than the previous bar's close get the market excited.
Plenty of Gap-DOWN's where the Open is lower than the previous bar's close get the market scared and depressed.
Look for the Gap Line to peak prior to an important peak in the market and vice versa. Look for a low in the Gap Line prior to an important low in the market.
Simple, but effective.
Tim
