The Gap Reversal Signals Indicator is a minimalist tool designed to identify and highlight key price action signals.
This indicator provides traders with actionable insights by plotting clean and unobtrusive red and green dots on the chart, ensuring the focus remains on critical price movements.
Gap-Up Reversal Signal (Green Dot):
A green dot is plotted below a candle when: The candle opens above the previous candle's close (gap up).
Gap-Down Reversal Signal (Red Dot):
A red dot is plotted above a candle when: The candle opens below the previous candle's close (gap down).
Alerts:
Alerts can be set up to notify the user when: A gap-up reversal (green dot) is detected. A gap-down reversal (red dot) is detected.