This indicator plots up arrow for bullish gaps and down arrow for bearish gaps.
It also can plot a cross for a closed gap or hide it.
Trader can select the minimum gap size in points. Gaps less than minimum size are ignored.
Input Parameters:
- Min gap size in points : Minimum number of points for valid gaps
- Check for closed gaps : Enable/Disable history check for closed gaps
- Max history bars for closed gaps : Max number of history bars to check for closed gaps
- Hide closed gaps : Hide/Show closed gaps
- Show Alerts : Show alert messages of new gaps and closed gaps
Same chart showing only open (fresh) gaps
Suggested Usage:
- New open gaps can be used as entry filter in the same direction of the gap.
- Old open gaps can be used as targets for opposite direction trades.
