OPEN-SOURCE SCRIPT
Tom - Unfilled Close to Open Gaps (support and resistance gap)
This indicator identifies unfilled close-to-open gaps and highlights them as potential support and resistance zones.
Key features:
• Detects gaps between the previous session’s closing price and the next session’s opening price
• Displays only gaps that have not been fully filled
• Extends each active gap zone to the right
• Automatically removes the zone once the gap is completely filled
• Uses different colors for gap-up and gap-down zones
• Includes an adjustable minimum gap-size filter
Gap-up zones may act as potential support, while gap-down zones may act as potential resistance. This indicator is designed to keep charts clean and help traders quickly identify active price gaps.
For educational and informational purposes only. This indicator does not constitute financial advice.
Key features:
• Detects gaps between the previous session’s closing price and the next session’s opening price
• Displays only gaps that have not been fully filled
• Extends each active gap zone to the right
• Automatically removes the zone once the gap is completely filled
• Uses different colors for gap-up and gap-down zones
• Includes an adjustable minimum gap-size filter
Gap-up zones may act as potential support, while gap-down zones may act as potential resistance. This indicator is designed to keep charts clean and help traders quickly identify active price gaps.
For educational and informational purposes only. This indicator does not constitute financial advice.
Open-source script
In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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 PulseWire. Read more in the Terms of Use.
Open-source script
In true PulseWire spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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 PulseWire. Read more in the Terms of Use.