OPEN-SOURCE SCRIPT
Advanced Gaps and Gaps Filling Probability
The indicator detects gaps and calculates gaps filling probability based on MACD, RSI and momentum. It also support MTF ( Multi-Time Frame) which can be selected for probability calculation.
/ User Inputs for configuration
GAP_THRESHOLD = To Specify gaps size
SHOW_PROBABILITY_ONLY_UNFILLED =Only show probability for unfilled gaps
UNFILLED_COLOR = Unfilled Gap Color
FILLED_BULLISH_COLOR = Filled Bullish Gap Color
FILLED_BEARISH_COLOR =Filled Bearish Gap Color
LABEL_COLOR = Label Color
BOX_WIDTH = Width of box drawn to show gaps.
/ User Inputs for configuration
GAP_THRESHOLD = To Specify gaps size
SHOW_PROBABILITY_ONLY_UNFILLED =Only show probability for unfilled gaps
UNFILLED_COLOR = Unfilled Gap Color
FILLED_BULLISH_COLOR = Filled Bullish Gap Color
FILLED_BEARISH_COLOR =Filled Bearish Gap Color
LABEL_COLOR = Label Color
BOX_WIDTH = Width of box drawn to show gaps.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. You can favorite it to use it on a chart.
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