Opening Gaps and Breaker Block ICT Indicator MT5
- Indicadores
- Eda Kaya
- Versión: 1.11
Opening Gaps + Breaker Block ICT Indicator MT5
The Opening Gaps + Breaker Block ICT Indicator MT5 is a cutting-edge trading tool for MetaTrader 5, engineered to detect daily price gaps and convert them into key support and resistance levels on the chart.
By default, support zones appear in gray, while resistance zones are marked in red. When the price successfully breaks through these levels, the indicator changes the color to purple, confirming the emergence of a Breaker Block.
Key Features of the Opening Gaps + Breaker Block ICT Indicator MT5
Below is an overview of the core functionalities of this indicator:
Category | ICT - Liquidity - Smart Money |
Platform | MetaTrader 5 |
Skill Level | Advanced |
Indicator Type | Continuation - Reversal |
Timeframe | Multi-Timeframe |
Trading Style | Intraday Trading |
Market | Forex - Crypto - Stocks - Commodities |
Indicator Overview
The Opening Gaps + Breaker Block ICT Indicator MT5 is designed for traders utilizing the ICT (Inner Circle Trader) methodology, which emphasizes how price gaps act as liquidity zones. Market behavior shows that gaps frequently get revisited and filled, offering traders insights into potential price movement.
By tracking these gaps and recognizing when they evolve into Breaker Blocks, this indicator provides traders with an advanced method for forecasting price reversals and trend progressions.
Bullish Market Example
During an uptrend, the indicator detects a price gap in the GBP/CHF currency pair. Initially, this gap forms a resistance zone (red). However, once the price surpasses it and consolidates above, the indicator converts it into a support zone, changing the color to purple to signify the confirmation of a Breaker Block.
Bearish Market Example
In a downtrend scenario, observed on a 15-minute EUR/GBP chart, the indicator identifies a support level. After a pullback, the price breaks below this level, causing the previous support to turn into resistance. The indicator marks this zone in purple, validating the transition into a Breaker Block.
Customization Options
The following settings allow traders to fine-tune the functionality of the Opening Gaps + Breaker Block ICT Indicator MT5:
- New Day Opening Gap Duration – Defines the timeframe for analyzing the new day’s price gap.
- New Day Opening Gap – Enables or disables the visualization of the current day’s gap.
- New Week Opening Gap Duration – Adjusts the analysis range for detecting weekly gaps.
- New Week Opening Gap – Activates or deactivates the display of the new week’s opening gap.
Conclusion
The Opening Gaps + Breaker Block ICT Indicator MT5 is a powerful tool that automatically detects New Day Opening Gaps (NDOG) and New Week Opening Gaps (NWOG), marking them as crucial support or resistance levels.
Ideal for traders who follow ICT and Smart Money trading strategies, this indicator delivers a strategic advantage by identifying potential price reversals and trend continuations with precision.