another day, another method for detecting level. This time it's all about the and daily gaps it might produce.
How does it work?
The indicator detects when a new daily candle begins and the makes a big move in either direction. Often it produces a gap and this is where the support or will be plotted. The idea behind it is, that those gaps get filled at some point in time. You can control how big a movement ("gap") has to be with the "VWAP Movement %"-setting. Also, you can adjust the style of the level.
If you find this indicator useful, please leave a "like" and hit that "follow" button :)
Have fun and happy trading :)))
1.can you add alert for this when close crossover or crossunder of that line
2.can you add new label for each line,so we can see the eachline value
i am not so familiar with tradingview new label function, hope you can add those two function to
it,really appreciate it