CME Gap Finder

Gap Finder – CME Gap Visualization Tool

Gap Finder is a lightweight indicator designed to detect and visualize price gaps that occur between trading sessions, commonly referred to as CME gaps. It is suitable for both intraday and higher-timeframe traders who monitor unfilled gaps as potential areas of interest.

🔍 How it works

• The script detects gaps on the open of a new trading day by comparing the current open to the previous session’s close.
  
• Gaps are filtered by a minimum gap size (%), allowing you to ignore insignificant gaps.
  
• Each qualifying gap is drawn as a shaded box between the gap’s high and low.
  
• Gaps are monitored in real time and are considered filled once price trades into the gap area (with an optional buffer).
  

📊 Visual behavior

• Gap boxes extend only up to the current bar (not into the future), preventing old unfilled gaps from distorting chart autoscaling.
  
• A configurable lookback limit (default: 100 bars) controls how far a gap remains visible on the chart.
  
• Optional labels display the gap size percentage at the time of creation.
  
• Separate colors are used for up gaps and down gaps for quick visual identification.
  

⚙️ Inputs

• Minimum Gap Size (%) – Filters out small gaps
  
• Gap Colors – Custom colors for up and down gaps
  
• Fill Buffer – Extra tolerance for determining when a gap is filled
  
• Gap Lookback (bars) – Maximum number of bars a gap is displayed
  
• Show Gap Size Label – Toggle percentage labels on/off
  

✅ Designed for usability

• Does not affect chart scaling due to old gaps
  
• Efficient object handling for smooth performance
  
• Works on intraday and daily charts
  
• Overlay-based for seamless integration with price action
  

This indicator is intended as a visual analysis tool, not a standalone trading system. Always use it in combination with your own strategy and risk management.