The indicator displays closed and unclosed gaps on a given timeframe and time range. By default, the display of closed gaps is disabled, the search timeframe is the current one.
- In the flat, it helps to track the direction of the position set by large market participants.
- In the trend, it shows the points of completion of the position by large market participants.
- Filters out false pivot points.
Another point I wanted to explain, if the parameter Timeframe_for_Search is set to Current in the indicator settings, then gaps of the timeframe selected in MT4 are displayed. If Timeframe_for_Search is explicitly set, for example 1 Minute, then the unclosed gaps of minute candles (bars) will be displayed on any timeframe selected in MT4
The indicator has 4 buffers for use by external applications via the iCustom function:
SetIndexBuffer(0, GAPUp) – buffer the price of gaps up; SetIndexBuffer(1, GAPDn) – buffer the price of gaps down; SetIndexBuffer(2, GAPUpCl) – buffer the prices of closed gaps up; SetIndexBuffer(3, GAPDnCl) – buffer the prices of closed gaps down;