The NDOG/NWOG indicator is designed for traders interested in visualizing and analyzing opening gaps in both daily (NDOG) and weekly (NWOG) timeframes on any chart. Key features:
Visual Representation: Shows gaps with boxes, lines, and labels for high and low points, enhancing chart readability.
NDOG/NWOG Labels: labels are created or updated for both the high and low of the gap and it shows the date of the NDOG/NWOG.
Customizable Appearance: Adjust transparency, colors, line styles, and whether to display labels or boxes. Auto-color based on market movement for intuitive trend recognition.
Gap Management: Control how many previous gaps to display. Option to extend visualizations to the current time for ongoing analysis.
Offset Feature: Shift the visual elements forward or backward by a user-defined number of candles for better synchronization with your strategy.
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