Gap Detector MT4 Indicator
Explore All MT4 Indicators
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The Gap Detector indicator displays a signal on the chart whenever a gap is detected between a previous candle’s close price and the next candle’s open price.
The signal is shown as a green dot under the gapping candle for a gap up and as a red dot above the gapping candle for a gap down. An option is available to remove the signal from the chart if the market retraces and closes the gap.
An option is also available to draw a line on the chart to show the level at which a gap was closed.
Gaps can often form in a market due to strong price action. These gaps can be an indication of a momentum or a change in direction.
This indicator allows you to scan your chart to see where gaps have occurred and how this affected the trend.
Also, when a gap forms, markets may retrace to close that gap. This indicator is useful to see where gaps have occurred and where they have been closed.
Metatrader 4 – MT4.
Frequently Asked Questions
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You can find full instructions on how to install and activate in this article: How to Install and Use MT4 Custom Indicators and EAs (full guide).
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