GAP DETECTOR is an indicator displaying price gaps that have never been completely filled (only gaps >= 5 pips are considered). Each gap is defined by two lines (the lower and upper bound of the gap), and a label giving information on its price range
#Parameters: length: the number of candles being considered in the indicator (max is 3000). width: the width of the gap lines.
Can you update with highlight gap as band with filled with colour green and red for more appealing.
Thanks
pareshbhangale
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when i copied this to getting error as Add to Chart operation failed, reason: line 212: Could not find function or function reference label.new
any idea why?
donnycf
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Asch, love the script!....anyway to have it work so that I can run an intraday chart, like the 5 minute timeframe and see the daily gaps?
Asch-
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@donnycf, thanks for the comment. Yes it should work on any timeframe you want. Here is an example of a gap in a 5min timeframe ( ) on CHFJPY 04th May. You may have to increase the "length" parameter in order to see older gaps.
randolflewis13
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Does the green line disappear once the stock price come down ? @Asch-
pcarriere11
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Hi ... there seems to be an issue with a vertical line appearing?
UnknownUnicorn5012578
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thanks for this
shelbyfox
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This is a Pine Script code for a “Gap Detector” study in TradingView. The script scans for gaps in the price chart and labels them as either ‘Bull gap’ or ‘Bear gap’. Here’s a brief explanation of the code:
length and width are user inputs that define the number of bars to look back and the width of the lines drawn, respectively. gap_start and gap_end are variables that store the start and end of a gap. gap_bull and gap_bear are boolean variables that indicate whether a bull or bear gap has been detected. inf_gap and sup_gap are variables that store the lower and upper bounds of a gap. The script then iterates over the specified length of bars. If a gap is detected (a high price that is lower than the previous bar’s low price for a bull gap, or a low price that is higher than the previous bar’s high price for a bear gap), it calculates the size of the gap and draws lines and labels on the chart if the gap is larger than 5 pips.
tecz0r
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Hi there, this is such a great script but unfortunately, your script breaks when I use it on a 10min timeframe. The GAP lines show up but disappear randomly after a while, I don't know why.