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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.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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