CISD and Price Gap Openings ICT Indicator MT4
CISD and Price Gap Openings Indicator MT4
The CISD CSD + Price Gap Openings Indicator is designed to highlight price gaps while marking the CISD level, providing insights into potential market reversals. This MetaTrader 4 tool, based on ICT principles, utilizes arrow markers to assist traders in recognizing fresh price gaps and possible retracement zones.
CISD – CSD + Price Gap Openings Indicator Specifications
The following table outlines the features of the CISD – CSD + Price Gap Openings Indicator:
Category | ICT - Smart Money - Signals & Forecasting |
Platform | MetaTrader 4 |
Skill Level | Advanced |
Indicator Type | Reversal - Continuation |
Timeframe | Multi-Timeframe |
Trading Style | Day Trading |
Trading Market | All Markets |
Indicator Overview
This tool detects Opening Gaps (OGs) by identifying zones with concentrated liquidity, which price often revisits. These gaps appear as purple boxes on the price chart. When a zone is invalidated, the purple box disappears, confirming that the price gap is no longer relevant.
Uptrend Conditions
In an uptrend scenario, a gap fill occurs on the EUR/USD 1-hour chart, leading to a price retracement that results in a bullish candle closing above the last opposing-colored candle. At this point, the CISD level is confirmed, and a green arrow appears, signaling a possible upward trend continuation.
Downtrend Conditions
In a downtrend, as seen on a 4-hour XAU/USD chart, price fills the gap and then moves downward, closing a bearish candle below the last non-matching-colored candle. The CISD level is marked with a red arrow, indicating a potential bearish movement.
Indicator Settings
The CISD – CSD + Price Gap Openings Indicator offers customizable settings for traders:
- How to display invalid OGs – Choose how invalidated zones are shown.
- Show NDOG on chart – Enable or disable daily price gap displays.
- CISD break limit – Set the maximum number of allowed CISD breaks before becoming invalid.
- NDOG Color – Adjust the color of daily price gap zones.
Conclusion
The CISD CSD + Price Gap Openings Indicator effectively marks fresh daily price gaps with purple boxes and adheres to ICT trading principles. By offering arrow-based trend reversal signals, this tool enables traders to pinpoint high-probability entry zones for optimized trading strategies.