Gap Detector

Gap Detector Indicator

The Gap Detector designed to identify price gaps on a chart, highlighting significant upward and downward gaps based on user-defined thresholds. It visually marks these gaps for easy identification and generates alerts when a gap occurs.


Features
- Customizable Gap Size: Users can define the minimum gap size required for detection.
- Delay Functionality: A user-defined number of bars to wait before confirming and signaling a gap.
- Visual Gap Highlighting: Clearly displays detected gaps as colored boxes on the chart.
- Instant Alerts: Provides alerts immediately after the specified delay, notifying users of the detected gap.


Settings
- Min Gap Size (price points):
- Defines the minimum price difference between consecutive bars required to recognize a gap.
- Default value: `1.0`

- Bars to wait after gap:
- Determines the delay in bars before confirming a detected gap.
- Default value: `2`


How it Works

Gap Detection Logic:
- Gap Up: Identified when the low price of the current bar is higher than the high price of the previous bar, exceeding the minimum gap size.
- Gap Down: Identified when the high price of the current bar is lower than the low price of the previous bar, again exceeding the minimum gap size.

Gap Confirmation and Visualization:
- After detecting a gap, the indicator waits the specified number of bars before confirming.
- Once confirmed, it visually highlights the gap area on the chart:
- Gap Up: Highlighted with a green box.
- Gap Down: Highlighted with a red box.

Alerts:
- Generates clear alerts with descriptive messages:
- Gap direction (Up or Down).
- Gap size in price points.
- Number of bars elapsed since gap detection.

Alert Conditions
- Gap Up Confirmed: Alerts when a gap up is confirmed.
- Gap Down Confirmed: Alerts when a gap down is confirmed.