This overlay indicator measures the opening gap between the session open and the prior daily close, then checks whether price continues to hold beyond that close.
1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
After a user-defined opening window in minutes, it marks an up signal when an up gap holds and the close crosses above the swing high, and a down signal when a down gap holds and the close crosses below the swing low. Settings change the minimum gap size, window length, line display, and signal visibility. Two alerts fire only after bar close. It is intended for intraday charts.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Min gap %
float
0.5
gapMin
Opening swing (minutes)
int
15
winMin
Show prior close / swing lines
bool
true
showLn
Gap-and-go signals
bool
true
showGo
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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