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Gap Indicator 123 Gap

30 USD

Demo downloaded: 25

Published: 27 March 2023

Current version: 1.0

Gap Indicator 123 Gap

Indicators
Matthew Thomas Paranac
Version: 1.0
Activations: 10

Fair Value Gap Indicator (123 Gap): Precision Tool for Identifying Potential Price Targets

The Fair Value Gap Indicator (123 Gap) is a powerful tool designed to identify high-probability price targets based on market structure. By analyzing sets of three consecutive candles, this indicator pinpoints crucial gaps that often serve as magnets for price action.

How It Works

Continuous Analysis: The indicator scans every set of three consecutive candles on your chart.
Gap Identification: It calculates the gap between the first and third candles in each set.
Visual Representation: Identified gaps are displayed on the chart, color-coded for easy interpretation.

Key Benefits

Predict Potential Reversals: Highlights areas where price may return after a trend reversal.
Identify Pullback Targets: Pinpoints levels where price might pause during a pullback.
Enhance Trade Entries and Exits: Use gap levels to refine your entry and exit points.

Real-World Example

In a downtrend scenario:

First candle's low: 1.0000
Third candle's high: 0.9950
The indicator will highlight the gap between 0.9950 and 1.0000 as a potential upside target.

This gap often acts as a "magnet," attracting price during future upward movements.

Customizable Settings

Display Distance: Adjust how far back the indicator looks for gaps.
BearBarColor: Customize the color for gaps in downtrends.
BullBarColor: Set the color for gaps in uptrends.
AllowedGapSize: Define the minimum gap size to be highlighted.

Perfect For

Swing traders looking for precise entry and exit points
Day traders seeking to identify intraday reversal levels
Trend traders wanting to spot potential pullback targets

Enhance your technical analysis with the Gap Indicator (123 Gap) and gain a unique edge in predicting potential price movements. Start identifying high-probability trading opportunities today!

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