Umdria Gap Indicator

Have you ever faced the problem of gaps? Then, this light is for you! And even if you is not a problem, Umdria Gap indicator will be a good helper. It can be used to determine the quality of the currency pair - the more gaps, the more difficult it may be trading of the currency pair.

Characteristics:

• Gaps on the maximum / minimum (High-Low) and closing prices and the opening (Close-Open)


• It shows even the smallest gaps


• It uses exponential moving average


• is not redrawn


• Built-in help file

What is the gap?
Gaps - an area on the chart where a sharp price movement of the currency pair up or down without trade between the movement. Classic gaps arise between the maximum price (High) and low (Low) adjacent candles. Some events may cause gaps, such as the markets are closed, data errors, abrupt price movements during the news, etc.

This indicator is used to display on the chart all the gaps, even the smallest of which is difficult to find manually. It can also show gaps closing prices, opening (Close-Open), gaps that can occur when opening a new candle.

Input parameters:

• Mode: you can choose the High-Low (high-low) or Close-Open (closing-opening) mode


• MA_Period: sets the period EMA


• Show_Help_on_Startup: enable / disable the built-in help

Umida Gap - an indicator of a series of products SEA (Symbol Excellence Analyzers).

About the author:

Zsolt 'DragonSoul' Mosonyi; programmer, web developer and blogger, with years of experience with the language for programming trading strategies MQL.

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