Sideway Zones Live is an overlay indicator that estimates inner and outer sideways bands from recent highs and lows with a rational quadratic kernel. It tracks swing pivots over a loopback period and counts bars that remain between the outer high and low. Afte
Indicator · Pine Script v5 · On the chart
Intraday Gap Detector
This indicator calculates the percentage price gap between the current bar open and the previous bar close on the price chart.
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code23
Settings0inputs
LicenceNone statedfile: MPL-2.0
Last update3 years ago2 Aug 2023
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
23 lines of Pine Script v5 from Indicators/Intraday_Gap_Detector.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
//Run the following Script on PINE EDITOR or any platform supporting Pine Script
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © might-tree
//@version=5
indicator("Intraday Gap Detector", overlay=true)
size = 0.2
days = 30
gap_width = math.round(((((open - close[1]) / close[1])*100)*100)/100)
var x = close
if math.abs(gap_width) > size and (timenow - time) < 1000*60*60*24*days
x := close[1]
if gap_width < 0
line.new(bar_index-1, x, bar_index, x, extend=extend.right, style= line.style_arrow_left, color=color.rgb(27, 146, 63), width=1)
label.new(timenow, x, xloc= xloc.bar_time, text="Gap Up", color=color.rgb(27, 146, 63), textcolor=color.white)
else
line.new(bar_index-1, x, bar_index, x, extend=extend.right, style= line.style_arrow_left, color=color.rgb(171,8,8), width=1)
label.new(timenow, x, xloc= xloc.bar_time, text="Gap Down", color=color.rgb(171, 8, 8), textcolor=color.white)
Overview
When the absolute gap exceeds a hardcoded threshold of 0.2 percent within the past 30 days, it draws an extended horizontal line at the previous close level and places an informative label at the current time coordinate. The threshold settings and lookback window are fixed in the script code without configurable input fields.
- Bar-to-bar percentage gap calculation
- Extended horizontal gap level lines
- Time-anchored gap labels
- Rolling thirty-day historical filter
Details
Published by
might-tree on GitHub
Type
Draws
On the price chart
Category
Markets
Timeframes
M15-H1
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
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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