Gap & Crap Detector V1

Gap & Crap Detector (5% Gap Detector + % Labels)

This indicator automatically detects stocks that gap up ≥ 5% (adjustable) from the previous day’s close and tracks whether the move holds or fails over the next three candles.

🔍 How It Works

Yellow % Label → Appears on every candle that gaps up ≥ 5%, showing the exact percentage gap.

Gap & Go (Green Label) → Triggers when the next 3 candles close above the gap-day low, signaling momentum continuation.

Gap & Crap (Red Label) → Triggers immediately if any of the next 3 candles close below the gap-day low, signaling momentum failure.

⚙️ Inputs & Customization

Gap % Threshold – Default 5% (adjustable)

Label Size – Tiny / Small / Normal / Large / Huge

Opacity Controls – Independently set transparency for yellow, red, and green labels

Gap & Go Offset – Adjust how high above the candle the green label appears

🧠 Usage

Use this tool to identify breakout gaps and verify whether price action confirms (Gap & Go) or fails (Gap & Crap).
Ideal for momentum traders, swing traders, Ovtlyr Plan M, and gap strategy backtesting.