GSI (Gap Size Indicator)

Description

⋅ Oct 25, 2021 10:02 PM

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.

Comments

Hamza_Boughazi

⋅ Nov 24, 2021 3:01 PM

good work ! is this indicator available in ninjatrader8 platform ?

noop-noop

⋅ Nov 24, 2021 4:20 PM

@Hamza_Boughazi, Thanks, I have no idea about ninjatrader8, but I don't think I'm the first one to think about this tool, so you'll probably find similar indicators on other platforms.