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GSI (Gap Size Indicator)

The purpose of this indicator is to give a quick view of a gap size between two candles, and to detect any gap bigger than the trigger setting.

Options
  • Mode: Select the display mode (% or Value)
  • Variation Trigger: Defines the minimum gap size to give a signal, for both positive and negative sides. This option depends on the Mode setting
  • Show trigger lines: Enable/Disable the display of the Variation Trigger setting lines
  • Color signals only: When enabled, bars crossing the trigger value are still colored, but other are gray
  • Show signals only: When enabled, will only show bars corresponding to gaps crossing the trigger value

Notes
  • Basic alerts on Bullish, Bearish and All gaps are available.

Feel free to suggest any improvement.
Skrip open-source

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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