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FiveTT Gap Indicator

In Forex trading, the Open price of a new period is usually the same as the close price of the preceding one. If a new period opens at a price significantly different (higher or lower), this gives way to a Gap scenario. This suggests an imbalance in the price action. Price tends to move during the new period to cover the gap created. This move presents consistent buying and selling opportunities; hence potential to make profit.

There are two types of Gap scenarios

  • 'Gap Up' - Open price of the new period is significantly higher than close price of the preceding period. The price will tend to move lower, thereby presenting selling opportunities
  • 'Gap Down' - Open price of the new period is significantly lower than close price of the preceding period. The price will tend to move higher, thereby presenting buying opportunities

The 5TT Gap Indicator makes it easy for the trader to pick out these opportunities when they happen. The indicator provides the following features:

  1. User-friendly with only three parameters to set
  2. Can be used on all currency pairs
  3. Can be used on all timeframes
  4. Clear display of the Gap setup
  5. Display of the size of the Gap, thereby allowing traders to determine profit targets and stop loss levels
  6. Color distinction for 'Gap Up' and 'Gap Down' scenarios

The trader also gets our lifetime technical support and free future updates.


Settings

  • CandlesBack: How many bars back from the current bar should the indicator monitor? Default is 2000 bars.
  • GapSize: Minimum pips (gap) between current bar’s Open price and previous bar’s Close price before indicator recognizes as ‘Gap’.
  • UseAlerts: Selecting 'True' allows the indicator to raise an alert in the terminal once a gap situation forms. The currency pair and 'Gap' size are also displayed on the Alert window.
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Indicator : RealValueIndicator Description : RealValueIndicator is a powerful tool designed specifically for trading on the EURUSD pair. This indicator analyzes all EUR and USD pairs, calculates their real currency strength values, and displays them as a single realistic value to give you a head start on price. This indicator will tell you moves before they happen if you use it right. RealValueIndicator allows you to get a quick and accurate overview of the EURUSD currency pair tops and bottoms,
TrendDecoder Premium
Christophe Pa Trouillas
5 (6)
Indicadores
Identifique los rangos y los próximos movimientos probables   |  Obtenga las señales más tempranas y la fuerza de las Tendencias   |  Obtener salidas claras antes de reversión   |  Detecte los niveles de Fibo que el precio pondrá a prueba Indicador no repintado y no retardado - ideal para la trading manual y automatizada - adecuado para todos los activos y todas las unidades temporales Oferta por tiempo limitado >>   50% OFF Después de la compra, póngase en contacto con mi canal  para conocer lo
Smart Market Structure Concepts MT4
Jing Bo Wu
4.84 (63)
Indicadores
ICT, SMC, SMART MONEY CONCEPTS, SMART MONEY, Smart Money Concept, Support and Resistance, Trend Analysis, Price Action, Market Structure, Order Blocks, BOS/CHoCH,   Breaker Blocks ,  Momentum Shift,   Supply&Demand Zone/Order Blocks , Strong Imbalance, HH/LL/HL/LH,    Fair Value Gap, FVG,  Premium  &   Discount   Zones, Fibonacci Retracement, OTE, Buy Side Liquidity, Sell Side Liquidity, BSL/SSL Taken, Equal Highs & Lows, MTF Dashboard, Multiple Time Frame, BigBar, HTF OB, HTF Market Structure, 
Up down v6T
Guner Koca
5 (1)
Indicadores
Thise indicator is up down v6  comes with tradingwiev pinescript. purchased people, after installed on terminal ,contact me on mql5  to get BONUS  TradingView pinescript. up-down indicator is no repaint and works all pairs and lower than weekly time frames charts. it is suitable also 1 m charts for all pairs. and hold long way to signal. dont gives too many signals. when red histogram cross trigger line that is up signal.and price probably will down when blue histogram cross trigger line that
ECM Channel MT4
Paulo Rocha
5 (1)
Indicadores
ECM Elite Channel is a volatility-based indicator, developed with a specific time algorithm, which consists of finding possible corrections in the market. This indicator shows two outer lines, an inner line (retracement line) and an arrow sign, where the channel theory is to help identify overbought and oversold conditions in the market. The market price will generally fall between the boundaries of the channel. If prices touch or move outside the channel, it's a trading opportunity. The
Gold Channel XAUUSD
Paulo Rocha
5 (2)
Indicadores
Gold Channel is a volatility-based indicator, developed with a specific timing algorithm for the XAUUSD pair, which consists of finding possible corrections in the market. This indicator shows two outer lines, an inner line (retracement line) and an arrow sign, where the theory of the channel is to help identify overbought and oversold conditions in the market. The market price will generally fall between the boundaries of the channel. If prices touch or move outside the channel it is a tra
Gann Signal
Kirill Borovskii
Indicadores
Gann Signal is a very simple indicator at first glance, but hidden inside is many years of experience in studying W.D.Ganna methods. The indicator gives accurate BUY/SELL signals, without redrawing. The indicator is very easy to use. All you need to do is attach it to your chart and follow its recommendations. The indicator constantly analyzes the market for entry opportunities. When such an opportunity appears, the indicator gives a signal in the form of an arrow. I repeat, all signals are NOT
Smart Order Block Indicator
Aditya Jayswal
5 (5)
Indicadores
Please send me Direct message on MQL5 CHAT after purchasing the Indicator for Training and Installation Support There are some additional files that is important to use with the Indicator . So be sure to contact me after purchasing the Indicator So that I can add you for training and support . If you find any difficulty with installation then send me Direct message here So that I can connect with you via Anydesk or Teamview for the product installation. " Smart Order Block Indicator " to find
X3 Chart Pattern Scanner MT4
Young Ho Seo
4 (4)
Indicadores
Introduction to X3 Chart Pattern Scanner X3 Cherart Pattern Scanner is the non-repainting and non-lagging indicator detecting X3 chart patterns including Harmonic pattern, Elliott Wave pattern, X3 patterns, and Japanese Candlestick patterns. Historical patterns match with signal patterns. Hence, you can readily develop the solid trading strategy in your chart. More importantly, this superb pattern scanner can detect the optimal pattern of its kind. In addition, you can switch on and off individu
Scalper Vault
Oleg Rodin
5 (29)
Indicadores
Scalper Vault es un sistema profesional de reventa que le brinda todo lo que necesita para una reventa exitosa. Este indicador es un sistema comercial completo que puede ser utilizado por operadores de divisas y opciones binarias. El marco de tiempo recomendado es M5. El sistema le proporciona señales de flecha precisas en la dirección de la tendencia. También le proporciona señales superiores e inferiores y niveles de mercado de Gann. Los indicadores proporcionan todo tipo de alertas, incluidas
Otros productos de este autor
ERXGen Filter
Chima Nwokoro
Indicadores
Sin comercio de volatilidad del mercado financiero se ha hecho impossible.Profit sólo cuando el precio se mueve. El sistema ERXGen (Early Riser Next Generation) se basa en este fenómeno thatthere son tiempos certainement del día de negociación Cuando la volatilidad tiende a ser alta. En esencia, esto se basa en la estrategia popular London Open Breakout. ERXGen tiene reglas a medida que AUMENTO notas rentabilidad   - Intra-semanas tendencia   - Tokio rango estrecho   - Localización de Rang
Currency Strength Index
Chima Nwokoro
Indicadores
Want to know if to go long or short on any currency pair? 5TT Currency Strength Index is the answer! 5TT Currency Strength Index is a unique indicator for determining the short-term strength of any currency. Each currency strength is determined by an index of the currency with the strength of 7 other major currencies. The indicator is constantly monitoring price action across 28 currency pairs and 56 combinations; taking the following into consideration Price volatility. Short-term price range.
FiveTT Pivot Lines
Chima Nwokoro
Indicadores
5TT Pivot Lines is a visual display of pivot lines. These are primarily support and resistance points with the 'Blue' Pivot Point. Pivot points are useful for determining key levels for entry or exits (setting targets and stop loss levels). Having these support & resistance lines visually displayed on the chart is very useful for intraday traders. 5TT Pivot Lines come with some user-friendly settings to decide if to display the lines or connectors on the chart Settings CandlesBack: This gives th
FiveTT Round Numbers
Chima Nwokoro
Indicadores
Like Support and Resistance levels, Round Numbers refer to price levels ending in one or more zeros, such as 125.00, 1.0350, 0.8750, 74.50, etc. These are psychological levels where financial institutions and traders expect price to either stall, retrace or breakthrough. On a price chart these figures are generally considered to rule off levels at the 50 and 100 mark. 5TT Round Numbers Indicator makes it absolutely easy for the trader to identify these levels on the chart without the laborious a
FiveTT Risk Management Tool
Chima Nwokoro
Indicadores
Risk Management is one of the most critical elements of profitable trading. The 5TT Risk Management Tool is very effective at helping Forex traders calculate the lotsize to any trade; straight on the MT4 charts. The Tool will also display the actual Dollar value of the risk pre-selected. No indicator parameters required. All data input is done on the Tool displayed on the each chart on which the indicator is placed. FOllow the accompanying video here...
Five TT Round Numbers Indicator
Chima Nwokoro
Indicadores
Like Support and Resistance levels, Round Numbers refer to price levels ending in one or more zeros, such as 125.00, 1.0350, 0.8750, 74.50, etc. These are psychological levels where financial institutions and traders expect price to either stall, retrace or breakthrough. On a price chart these figures are generally considered to rule off levels at the 50 and 100 mark. 5TT Round Numbers Indicator makes it absolutely easy for the trader to identify these levels on the chart without the laborious a
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Versión 1.4 2021.11.26
Compiled and updated to current MQL5 version
Versión 1.1 2018.01.25
Added Alert feature to notify the trader when a new candle opens with a gap