On most days we see the market gapping up or down. A gap occurs when the market opens above or below the previous day's close. When this happens the market always has a tendency to close this gap. Most but not all of these gaps are filled within 1 trading session. Some though might take days, weeks, or months before they get filled. But in the end.. they always get filled. That is why many smart traders know about unfilled gaps and take advantage of the high probability that the market will fill an unfilled gap
A trader which knows where the next unfilled gaps are has a clear advantage in the market. Since probability tells us that the market will always try to close the gap whenever possible we can set up a clear trading plan if the market is within range of the next gap.
Plots all unfilled (and optionally filled) gaps
The Unfilled Gap Indicator shows all unfilled (and optionally filled) gaps. It allows you to never miss a gap that was created days or weeks ago. Unfilled gaps are presented as red lines on your chart from the point they were created to the present time. Filled gaps (if this option is enabled) are presented as brown lines on your chart, from the point they were created to the point they were filled.
As said before most gaps will fill within 1 trading session. That is why many smart traders only trade in the direction of the gap. But without an indicator like this, it is very easy to forget where the next gap is, and how far we are away from it.
This indicator will plot all unfilled (and optionally all filled) gaps on your chart so you never miss one again
- Show both filled & unfilled gaps
- Works on any instrument
- Works on any timeframe
- Works with any bar type
- Works with any NinjaTrader license
We offer a 100% free 5-day trial of all our indicators allowing you to test our software before buying it. Since you are able to test all our software before buying it all sales are final and non-refundable!