GAP Finder - indicator for MetaTrader 4

GAP Finder – indicator MetaTrader 4

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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
Example showing both open 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.
Alternative:  ALGLIB - Numerical Analysis Library - library MetaTrader 4
GAP Finder – indicator MetaTrader 4
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