Unfilled Gaps Tracker

How it works

The Unfilled Gaps Tracker scans price charts to detect specific price movements that create gaps between trading sessions. It identifies bullish gaps where the current low is higher than the previous close, and bearish gaps where the current high is lower than the previous close.

Once detected, the indicator visualizes these gaps using horizontal bars that extend to the most recent candle. Bullish gaps are colored green, while bearish gaps are colored red, providing a clear visual representation of market price discontinuities. The bars are dynamically updated as new price bars are added, ensuring real-time tracking of potential support and resistance zones.

Why it may be useful

Unfilled gaps represent significant market inefficiencies that can provide valuable trading insights into potential price reversals and market sentiment. By highlighting these areas, traders can identify potential entry and exit points that might otherwise go unnoticed in standard price charts.

The visual representation helps traders quickly understand market dynamics, offering a unique perspective on price movements that can complement other technical analysis tools. These gap zones can serve as critical reference points for understanding market psychology and potential future price behavior.

When to explore it

The Unfilled Gaps Tracker is most effective in markets with frequent price discontinuities, such as stocks, futures, and forex during volatile trading sessions. Traders can use this indicator during market opens, after significant news events, or in markets known for having frequent gap movements.

It is particularly useful for traders looking to identify potential support and resistance levels, confirm trend reversals, or develop gap-filling trading strategies. The indicator works best when combined with other technical analysis tools to validate potential trading signals and improve overall market analysis.

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